Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 297

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 297
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 May 4, 2022 at the annual general meeting of shareholders. The dividend amounted to $332 million and was paid on June 10, 2022. In February 2023, the Board of Directors recommended an increase of the base annual dividend from $0.38/share to $0.44/ share, which was approved on May 2, 2023 at the annual general meeting of shareholders. The dividend amounted to $369 million. In February 2024, the Board of Directors recommended an increase of the base annual dividend to $0.50/share (from $0.44/share paid in 2023), which was approved on April 30, 2024 at the annual general meeting of shareholders. The dividend amounted to $393 million. In February 2025, the Board of Directors recommended an increase of the base annual dividend to $0.55/share (from $0.50/share paid in 2024), subject to the approval of shareholders at the annual general meeting of shareholders in May 2025. Purchases of equity securities by the issuer and affiliated purchasers On May 5, 2023, the Company announced a share buyback program of up to 85 million shares to be completed by May 2025 (subject to market conditions) pursuant to the authorization of the AGM held on May 2, 2023 ("2023 buyback program"), which remains outstanding as of the date of this annual report. At December 31, 2024, ArcelorMittal had repurchased approximately 78.2 million shares representing approximately 92% of the current share buyback program for a total value of $2.0 billion. See “Introduction—History and development of the Company— Additional information”.

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| Management report |

As described in “Memorandum and Articles of Association”, the maximum number of shares that may be acquired does not in any event exceed 10% of the Company’s issued share capital. The maximum number of own shares that the Company may hold at any time directly or indirectly may not have the effect of reducing its net assets (“actif net”) below the amount mentioned in paragraphs 1 and 2 of Article 461-272-1 of the Law .

| Program1             |                       2024 | Total Number ofShares Purchased | Average PricePaid Per Share | Total Number ofShares Purchased asPart of PubliclyAnnounced Plan orProgram | Maximum Number ofShares that may yetbe purchased underthe Plans or Programs(