(Boursier.com) — Following the publication of its results for the fourth quarter and the year 2021 via its press release of February 10, the juggernaut of the steel industry ArcelorMittal announces a new $1 billion share buyback program pursuant to the authorization given by the annual general meeting of shareholders on June 8, 2021. The program is expected to be completed during the first half of 2022 , subject to market conditions. The shares acquired under the program are intended to honor ArcelorMittal’s obligations in respect of debt securities exchangeable into equity securities, to reduce ArcelorMittal’s share capital, and/or to meet ArcelorMittal’s obligations arising from the programs employee share ownership.
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