ArcelorMittal announces the commencement of a new share buyback program over the period 2025-2030
7 April 2025, 08:30 CET
Following the announced completion of its 85 million shares buyback program on 2 April 2025, ArcelorMittal (the 'Company') announces the commencement of a new share buyback program (the 'Program') with share repurchases to be conducted in tranches that may be announced through May 2030. Repurchases under the first tranche of the Program, which is for up to 10 million shares, will commence immediately, under the authorization given by the annual general meeting of shareholders of 30 April 2024 and subsequently, if applicable, subject to approval at the annual general meeting to be held on 6 May 2025. The actual amount of shares to be repurchased in various tranches pursuant to the Program will depend on the level of post-dividend free cash flow generated over the period (the Company's defined policy is to return a minimum of 50% of post-dividend annual free cash flow), the continued authorization by shareholders and market conditions.
The shares acquired under the Program are intended:
Primarily to reduce ArcelorMittal's share capital;
To meet ArcelorMittal's obligations arising from employee share programs;
To meet ArcelorMittal's obligations exchangeable into equity securities; and/or
To meet such other purposes as announced at the time of each tranche.
ENDSArcelorMittal is one of the world's leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore.
Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
http://corporate.arcelormittal.com/
Contact information ArcelorMittal Investor RelationsGeneral
+44 20 7543 1128
Retail
+44 20 3214 2893
SRI
+44 20 3214 2801
Bonds/CreditE-mail
+33 171 921 026investor.relations@arcelormittal.com
Contact information ArcelorMittal Corporate Communications Paul WeighTel:E-mail:
+44 20 3214 2419press@arcelormittal.comSign in to access your portfolio
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
39 minutes ago
- Business Wire
Palona Launches Restaurant AI: New Technology and Team Dedicated to the Unique Needs of the Restaurant Industry
PALO ALTO, Calif.--(BUSINESS WIRE)--Today, Palona AI, the company redefining customer engagement with emotionally intelligent AI sales agents, announced the launch of Restaurant AI, a purpose-built AI sales assistant tailored for the Pizza, Fast Casual, and QSR restaurant industry. The launch comes on the heels of a successful pilot with West Coast favorite pizza chain Pizza My Heart, Palona is now working with more than 20 restaurants and brands nationwide including Twenty Five Teishoku House, Kobunga, MOTO Pizza, CaliBBQ, and Pleasure Pizza Santa Cruz, among others. Palona's new restaurant-dedicated AI combines Palona's best-in-class conversational intelligence, complex customization handling, and multimodal memory system to solve one of the trickiest challenges in food sales: getting food orders right every time. Share Palona is also announcing two new major hires to lead the charge with Restaurant AI: Martin Briant, former President of North America for Me&U, a leader in guest experience and hospitality technology. Chris Stanton, former strategic sales executive for both Qualtrics and Tableau Software. Both have strong track records bringing technology to the mass market and years of experience serving the restaurant industry. Palona's new restaurant-dedicated AI combines Palona's best-in-class conversational intelligence, complex customization handling, and multimodal memory system to solve one of the trickiest challenges in food sales: getting food orders right every time, via voice or text, with the same charm and care as a seasoned staffer. New features dedicated to the unique needs of the restaurant industry include: Unified Voice and Text: Whether ordering or making reservations, customers receive the same on-brand, high-quality experience via voice or text Multi-lingual support: Speak to your customers in their language - English, Spanish, Chinese, and more languages seamlessly supported with no additional work required from restaurant partners. Voice Cloning, Accents, and Personality: Restaurant owners can clone their own voice or create the perfect voice to represent their brand - down to personality traits, regional dialects, accents, and vernacular. Accuracy: Proven accuracy even when handling the most complex orders and customer requests over voice and text. Order and payment confirmation eliminates erroneous orders placed to the kitchen. Upselling: Intuitive upselling at just the right moment in every conversation, leading to increased AOV. Escalation: Every Palona AI conversation is monitored by a managerial AI that helps quickly identify customer issues and escalate conversations to human representatives. Secure payment: Fully compliant payment that keeps customer information secure, including integration with existing payment systems. Loyalty and coupon support: Palona Restaurant AI not only connects to existing loyalty and coupon offers, but also dynamically introduces them to customer conversations to increase customer satisfaction, loyalty, and sales. 'With Restaurant AI, we're bringing Palona's powerful and delightful Agent experience to the most complex menu categories in food service,' said Maria Zhang, CEO and co-founder of Palona. 'Our pilot with Pizza My Heart showed us just how impactful an intelligent agent could be when it understands every nuance of a menu, remembers past orders, and engages customers like a real team member. Now, with more nationwide restaurant brands on board, we're scaling that service to a much broader audience.' Fast Casual and Quick Serve orders aren't simple—they're highly customized, frequently modified mid-conversation, and packed with regional variations and unique brand flair. Palona is trained to master this complexity, integrating real-time cart memory, conversational modifiers, and on-brand tone-of-voice specific to each restaurant. It supports voice and text interactions, offering customers a frictionless way to place their orders while engaging with an AI that feels like part of the crew. The technology also integrates seamlessly with all major POS systems, ensuring that no restaurant owner needs to do complex integrations in order to get their AI up and running quickly. The system is designed to be low risk and easy to pilot in just a few steps: upload your menu, customize your on-brand agent, and forward your phone calls - done. 'When I started CaliBBQ, I wanted to build a personal relationship with every one of my customers - it's part of what I love about owning a restaurant,' said Shawn Walchef, founder of CaliBBQ. 'As any business grows, it's so hard to scale that kind of relationship building, which is what makes Palona so powerful. Now, when a customer calls CaliBBQ, they're not talking to some call center in another country - they're talking to ShawnAI. I used Palona not only to match our customer service and our brand values, but to literally replicate my own voice. Whether it's one or one thousand customers, they have a conversation with me, using my own voice, giving them the best hospitality experience possible.' 'When I first heard my voice as our ordering AI, I honestly couldn't believe it,' said Lee Kindell, founder of MOTO Pizza. 'We live and breathe technology every day in our business but, at our heart, we're restauranteurs and care about the customer experience above all else. Palona's ability to provide such incredible service to every single customer, across multiple languages and all in my voice, is so above and beyond any AI solution I've seen in-market. It blew me away.' Palona has achieved industry-leading accuracy for its AI agents through innovative benchmarking and order simulation technology that continuously tests, evaluates, and improves the agent's performance. Palona's Restaurant AI leverages the most powerful AI capabilities, adapting to each restaurant's unique identity, including its tone, menu, and clientele. About Palona Palona AI builds emotionally intelligent, multimodal AI agents designed to help consumer-facing businesses grow, scale relationships, and stay on brand. The company's solutions are already transforming sales, ordering, and customer engagement for top brands like Wyze, MINDZERO, Pizza My Heart, CaliBBQ, Kobunga Grill, Pleasure Pizza, and MOTO Pizza. With the launch of Restaurant AI, Palona is now bringing its signature mix of EQ, personalization, and performance to one of the most beloved categories in food service.
Yahoo
an hour ago
- Yahoo
Sonnedix signs 420GWh energy supply deal with Renfe
Renewable energy developer Sonnedix has agreed provide 420 gigawatt hours (GWh) of renewable energy per year for Spanish rail network operator, Renfe. The power purchase agreement (PPA) follows the recent inauguration of Sonnedix's 150MW Covatillas 1, 5 and 6 portfolio. The three plants are situated in the municipalities of Minglanilla, Graja de Iniesta, and Puebla de Salvador, in Cuenca, Spain. Sonnedix will deliver a portion of its output to Renfe, as well as the electricity generated by the Portachuelo portfolio in Toledo. The PPA will help Renfe meet a substantial amount of its total predicted energy requirements, supporting the national rail operator's sustainability targets. Renfe economic and financial general director Marta Torralvo stated: 'This agreement represents a new step in Renfe's energy management roadmap. This contract promotes renewable energy production projects while stabilising Renfe's energy prices, which we consider very positive for the company's management.' Torralvo pointed out the importance of predictability in energy costs against the backdrop of high volatility in energy prices. The 300-hectare Covatillas portfolio comprises three solar photovoltaic (PV) plants that generate 300,000 megawatt hours (MWh) of renewable energy annually, powering 71,000 homes and preventing more than 108,000mt of CO₂ emissions. Sonnedix chief commercial officer Gregorio Morales Schmid stated: 'The electricity we provide is generated from our portfolio of solar assets in Spain, which we are progressively expanding through the integration of battery storage and wind power. This diversification enables us to offer more tailored power profiles and deliver high-value-added services that respond to the evolving needs of our clients.' Sonnedix has a total project portfolio of more than 11.68GW, including 1.15GW under construction and a 6.7GW development pipeline in Chile, France, Germany, Japan and the US. In November 2024, Sonnedix launched the 150MW Betierra project in Castilla-La Mancha, Cuenca, in Spain's central-eastern region. "Sonnedix signs 420GWh energy supply deal with Renfe" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Ernexa Therapeutics Announces 1-for-15 Reverse Stock Split
CAMBRIDGE, Mass., June 10, 2025 (GLOBE NEWSWIRE) -- Ernexa Therapeutics (Nasdaq: ERNA), developing innovative cell therapies for the treatment of advanced cancer and autoimmune disease, today announced a reverse stock split of its issued and outstanding shares of common stock, par value $0.005 per share (the 'Common Stock'), at a ratio of 1-for-15, effective June 12, 2025 at 12:01 a.m. Eastern Time. The Company's Common Stock is expected to begin trading on a split-adjusted basis when the market opens on June 12, 2025, under the existing trading symbol 'ERNA.' The Company is effecting the reverse split to regain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The new CUSIP number following the reverse stock split will be 114082 308. As a result of the reverse stock split, every 15 shares of the Company's Common Stock issued and outstanding will be automatically reclassified into one new share of Common Stock. The reverse stock split will not modify any rights or preferences of the shares of the Company's Common Stock. Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company's outstanding equity awards, as applicable, and warrants, as well as to the number of shares issued and issuable under the Company's equity incentive plans. The Common Stock issued pursuant to the reverse stock split will remain fully paid and non-assessable. The reverse stock split will not affect the number of authorized shares of Common Stock or the par value of the Common Stock. The reverse stock split was approved by the Company's stockholders at the Company's Annual Meeting of Stockholders held on June 2, 2025 at a ratio in the range of 1-for-10 to 1-for-15, such ratio to be determined by the Board of Directors. The Company's Board of Directors approved the reverse stock split at the ratio of 1-for-15. No fractional shares will be issued in connection with the reverse stock split, and no cash or other consideration will be paid in connection with any fractional shares. Stockholders who otherwise would have held a fractional share after giving effect to the reverse stock split will instead own one whole share of the post-reverse stock split Common Stock. As of the date of this press release, the Company had 110,418,022 shares of Common Stock issued and outstanding, which it anticipates will result in approximately 7,361,201 shares of Common Stock issued and outstanding on a split-adjusted basis, without giving effect to any rounding for fractional shares. Computershare Inc. and its affiliate Computershare Trust Company, N.A., the Company's transfer agent (collectively, 'Computershare'), will act as the exchange agent for the reverse stock split. Stockholders of record holding certificates representing pre-split shares of the Company's Common Stock will receive a letter of transmittal from Computershare with instructions on how to surrender certificates representing pre-split shares. Stockholders should not send in their pre-split certificates until they receive a letter of transmittal from Computershare. Stockholders with book-entry shares or who hold their shares through a bank, broker, or other nominee will not need to take any action. Stockholders of record who held pre-split certificates will receive their post-split shares in book-entry form and will receive a statement from Computershare regarding their Common Stock ownership post-reverse stock split. Additional information about the reverse stock split can be found in the Company's definitive proxy statement filed with the Securities and Exchange Commission (the 'SEC') on April 14, 2025, which is available at and on the Company's website at Alongside Ernexa's recent financings and corporate restructuring, the Company believes this reverse stock split is a key step in strengthening its financial foundation and maintaining access to the capital markets needed to advance its clinical programs. About Ernexa Therapeutics Ernexa Therapeutics (NASDAQ: ERNA) is developing innovative stem cell therapies for the treatment of advanced cancer and autoimmune disease. Ernexa's core technology focuses on engineering induced pluripotent stem cells (iPSCs) and transforming them into induced mesenchymal stem cells (iMSCs). Ernexa's allogeneic synthetic iMSCs provide a scalable, off-the-shelf treatment, without needing patient-specific cell harvesting. ERNA-101 is the company's lead cell therapy product, designed to activate and regulate the immune system's response to recognize and attack cancer cells. ERNA-102 is a cell therapy product designed to target inflammation and treat autoimmune disease. The company's initial focus is to develop ERNA-101 for the treatment of ovarian cancer. For more information, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, in some cases, can be identified by terms such as "believe," "may," "will," "estimate," "continue," "anticipate," "design," "intend," "expect," "could," "plan," "potential," "predict," "seek," "should," "would," "contemplate," "project," "target," "objective," or the negative version of these words and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Ernexa's actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements in this press release, including, without limitation, risks and uncertainties related to the impact of the reverse stock split. Forward-looking statements are based upon Ernexa's current expectations and involve assumptions that may never materialize or may prove to be incorrect. All forward-looking statements are expressly qualified in their entirety by these cautionary statements. For a detailed description of Ernexa's risks and uncertainties, you are encouraged to review its documents filed with the SEC including its recent filings on Form 8-K, Form 10-K and Form 10-Q. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Ernexa does not undertake any obligation to update the forward-looking statements contained herein to reflect events that occur or circumstances that exist after the date hereof, except as required by applicable law. Media & Investor Relations Contact investors@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
