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ArcelorMittal announces results of its General Meeting

1. ArcelorMittal's AGM approved all resolutions with 71.73% voting rights represented. 2. A dividend of $0.55 per share was approved for shareholders. 3. Directors Vanisha Mittal Bhatia and Karel de Gucht were re-elected. 4. A buyback program was also approved during the meeting. 5. ArcelorMittal reported revenues of $62.4 billion in 2024.

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FAQ

Why Bullish?

The approved dividend and buyback program imply positive cash flow management and shareholder returns. Historically, dividend announcements often lead to share price increases, as they signal financial health and stability.

How important is it?

The approval of a dividend and buyback program is important for investor sentiment, indicating strong financial performance and commitment to returning value to shareholders.

Why Short Term?

The immediate effect of dividends and share buybacks typically influences investor sentiment and share price in the short term. Previous instances show that stock buybacks and dividends usually lead to quick gains in share value.

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MTUS Steel (X)Nucor (NUE)
May 06, 2025 09:15 ET  | Source: ArcelorMittal S.A. 6 May 2025, 15.15 CET The Annual General Meeting (‘General Meeting’) of shareholders of ArcelorMittal (the “Company”) held today in Luxembourg approved all resolutions by a strong majority. 71.73% of the voting rights were represented at the General Meeting. The results of the votes will be posted shortly on www.arcelormittal.com under “Investors – Equity investors – Shareholders events – AGM – Annual General Meeting of shareholders, 6 May 2025” where the full documentation regarding the General Meeting is available. In particular, the shareholders: Approved the distribution of a dividend of US$0.55 per share;Re-elected Mrs. Vanisha Mittal Bhatia and Mr. Karel de Gucht as directors of ArcelorMittal, for a term of three years each; andApproved the implementation of buyback program(s). ENDS About ArcelorMittal ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). http://corporate.arcelormittal.com/   Contact information ArcelorMittal Investor Relations   General+44 20 7543 1128Retail+44 20 3214 2893SRI+44 20 3214 2801Bonds/CreditE-mail+33 171 921 026investor.relations@arcelormittal.com     Contact information ArcelorMittal Corporate Communications Paul WeighTel:E-mail:+44 20 3214 2419press@arcelormittal.com  

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