BuybackJun 30, 2026, 04:21 AM
ArcelorMittal Completes 1st Buyback Tranche, Starts 2nd for 10M Shares
AI Summary
ArcelorMittal announced the completion of the first tranche of its share buyback program, repurchasing 10 million shares at an average price of €49.32 per share. These shares are currently held in treasury and will be cancelled. The company immediately commenced a second tranche of the program, authorizing the repurchase of up to an additional 10 million shares. The overall program, which runs until May 2030, aims to reduce share capital and fulfill employee share program obligations, with repurchases dependent on free cash flow generation and market conditions.
Key Highlights
- Completed first tranche of share buyback program.
- Repurchased 10 million shares at €49.32 per share in first tranche.
- Commenced second tranche for up to 10 million shares.
- Shares from first tranche held in treasury, to be cancelled.
- Buyback program runs from 2025 to May 2030.
- Company policy to return minimum 50% of post-dividend free cash flow.
- Shares acquired to reduce capital and meet employee share obligations.
Price Impact
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