Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 299

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 299
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) on May 18, 2022, 60 million treasury shares. As a result of this cancellation, ArcelorMittal had 877,809,772 shares in issue (compared to 937,809,772 before cancellation); and (iii) on April 28, 2023, 25 million treasury shares. As a result of such cancellation, ArcelorMittal has 852,809,772 shares in issue (compared to 877,809,772 before the cancellation ). The cancellations took into account the $1 billion share buyback announced on November 17, 2021, which was completed on December 28, 2021, the $1 billion share buyback announced on May 5, 2022, which was completed on June 8, 2022 and the 60,431,380 share buyback announced on July 29, 2022 which was completed on March 31, 2023. Over the years, ArcelorMittal has issued equity-settled share- based payments to certain employees, including stock options, restricted share units and performance share units. See note 8.3 to the consolidated financial statements. ADDITIONAL INFORMATION Memorandum and Articles of Association Below is a summary of ArcelorMittal’s Articles of Association and certain legal provisions and internal policies applicable to ArcelorMittal. The full text of the Company’s Articles of Association is also available on www.arcelormittal.com under “Investors-Corporate Governance-Current-Articles of Association” and as filed under Exhibit 1.1 to this annual report on Form 20-F. Corporate purpose Article 3 of the Articles of Association provides that the corporate purpose of ArcelorMittal is the manufacture, processing and marketing of steel, steel products and all other metallurgical products, as well as all products and materials used in their manufacture, their processing and their marketing, and all industrial and commercial activities connected directly or indirectly with those objects, including mining and research activities and the creation, acquisition, holding, exploitation and sale of patents, licenses, know-how and, more generally, intellectual and industrial property rights. The Company may realize its corporate purpose either directly or through the creation of companies, the acquisition, holding or acquisition of interests in any companies or partnerships, membership in any associations, consortia and joint ventures. In general, the Company’s corporate purpose comprises the participation, in any form whatsoever, in companies and partnerships and the acquisition by purchase, subscription or in