Search icon Homepage / Investors / Corporate Governance Shareholding structure The following table sets forth information on November 30, 2021 with respect to the beneficial ownership and voting rights of ArcelorMittal shares by each person who is known to be the beneficial owner of more than 5% ArcelorMittal's issued share capital and the number of treasury shares. Shares % of issued shares % of voting rights Number of issued shares 982,809,772 Number of issued shares less treasury shares 930,601,647 Significant shareholder* 338,403,910 34.43% 36.36% Treasury shares 52,208,125 5.31% 0.00% Other public shareholders 592,197,737 60.26% 63.64% of which Blackrock Inc.** 54,893,258 4.98% 5.90% of which Société Général SA** 48,247,226 4.91% 5.18% Total 982,809,772 100.00% 100.00% * The term "Significant Shareholder" means the trust (HSBC Trust (C.I.) Limited, as trustee) of which Mr Lakshmi N. Mittal, Mrs Usha Mittal and their children are the beneficiaries, holding ArcelorMittal shares through the following two companies: Nuavam Investments Sàrl and Lumen Investments Sàrl. The Significant Shareholder for purposes of this table, does not include ordinary shares owned directly by Mr Lakshmi N. Mittal and Mrs Usha Mittal and options held directly by Mr Lakshmi N. Mittal. ** The voting rights in the present table are caluculated excluding treasury shares. The voting rights in the notification provided by BlackRock Inc. are of 5.11 % According to ArcelorMittal's articles of association, a shareholder owning 2.5% or more of the share capital, or whose holding falls below 2.5% of the share capital, must notify ArcelorMittal. Number of issued shares Following the cancellation of 50 million treasury shares, ArcelorMittal has 982,809,772 shares in issue (compared to 1,032,809,772 before the cancellation). The total number of issued shares as of 22 September 2021 amounts to 982,809,772 (Annex B with reference to article 14 of the Transparency Law). Shareholding notification With reference to the law and grand ducal regulation of 11 January 2008 on transparency requirements for issuers of securities, the shareholding notifications for crossing the threshold of 5% voting rights are made available below: Year 2021: Société Général SA: November 26 Société Général SA: November 08 Société Général SA: November 05 Société Général SA: October 26 Société Général SA: September 1 Société Général SA: August 5 Société Général SA: August 4 Société Général SA: August 3 Société Général SA: June 3 Société Général SA: June 2 Société Général SA: May 17 Société Général SA: May 14 Société Général SA: April 30 Société Général SA: March 26 Société Général SA: March 22 Société Général SA: March 9 Société Général SA: March 4 Société Général SA: March 3 Société Général SA: January 21 Société Général SA: January 4 Year 2020: Société Général SA: December 30 Société Général SA: December 24 Société Général SA: December 18 Société Général SA: November 24 Société Général SA: November 19 Société Général SA: November 06 Société Général SA: June 17 Société Général SA: June 16 Blackrock Inc. August 25 Blackrock Inc. May 13 Year 2017: Capital Group Companies, Inc. Year 2016: Capital Group Companies, Inc. Share buy-back authorization The general meeting of shareholders decided on 13 June 2020 to cancel the authorisation granted by it to the board of directors on 5 May 2015 with respect to the share buy-back programme, and to authorise the board of directors, with option to delegate, and the corporate bodies of the other companies in the ArcelorMittal group, to acquire and sell shares in the Company during a period of five years or until the date of its renewal by a resolution of the general meeting of shareholders if such renewal date is prior to the expiration the five-year period, in accordance with Luxembourg law of 10 August 1915 on commercial companies, as amended (the “Law”). It includes the authorisation to enter into off-market and over-the-counter transactions and acquire shares in ArcelorMittal through derivative financial instruments. The maximum number of shares that may be acquired is the maximum allowed by the Law in such manner that the accounting par value of the Company’s shares held by the Company do not in any event exceed 10% of the Company’s issued share capital. The maximum number of own shares that ArcelorMittal 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 461-2 of the Law. The purchase price per share to be paid shall not exceed 110% of the average of the final listing prices of the 30 trading days preceding the three trading days prior to each date of repurchase, and shall not be less than one euro cent. The final listing prices are those on the Euronext markets where the Company is listed or the Luxembourg Stock Exchange, depending on the market on which the purchases are made. For off-market transactions, the maximum purchase price shall be 110% of the reference price on the Euronext markets where ArcelorMittal is listed. The reference price will be deemed to be the average of the final listing prices per share on these markets during thirty (30) consecutive days on which these markets are open for trading preceding the three trading days prior to the date of purchase. In the event of a share capital increase by incorporation of reserves or issue premiums and the free allotment of shares as well as in the event of the division or regrouping of the shares, the purchase price indicated above shall be adjusted by a multiplying coefficient equal to the ratio between the number of shares comprising the issued share capital prior to the transaction and such number following the transaction. 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