Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 220

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 220
---
 retirement obligations as of December 31, 2024 . For further details on environmental commitments and asset retirement obligations, please refer to note 9.1 to the consolidated financial statements. The Company expects to service its cash requirements in the near and medium-term with net cash provided by operating activities. In the future, the Company may enter into additional financing facilities if required. Earnings distribution ArcelorMittal held 84.3 million shares in treasury as of December 31, 2024, as compared to 33.5 million shares as of December 31, 2023. As of December 31, 2024, the number of shares held by the Company in treasury represented 9.88% of the Company’s total issued share capital. On January 14, 2022, ArcelorMittal cancelled 45 million treasury shares to keep the number of treasury shares within appropriate levels. Following this cancellation, the aggregate number of shares issued and fully paid up decreased from 982,809,772 to 937,809,772 . On May 18, 2022, ArcelorMittal cancelled 60 million treasury shares to keep the number of treasury shares within appropriate levels. Following this cancellation, the aggregate number of shares issued and fully paid up decreased from 937,809,772 to 877,809,772 . On April 28, 2023, ArcelorMittal cancelled 25 million treasury shares to keep the number of treasury shares within appropriate levels. Following this cancellation, the aggregate number of shares issued and fully paid up decreased from 877,809,772 to 852,809,772 . According to the capital return policy, in February 2022, the Board of Directors recommended an increase of the base annual dividend to $0.38/share, from $0.30/share, subject to the approval of shareholders, which was given at the annual general meeting of shareholders on May 4, 2022. The dividend amounted to $332 million and was paid on June 10, 2022. In addition, d uring 2022, ArcelorMittal completed two consecutive share buyback programs for a total amount of €1.9 billion ($2.0 billion) pursuant to an authorization by the annual general meeting of shareholders on June 8, 2021 and May 4, 2022. See "Introduction—History and development of the Company— Capital return policy". In February 2023, the Board proposed to increase the annual base