ArcelorMittal Approves US$0.60 Dividend, Cancels Shares and Renews Capital Authorization
ArcelorMittal shareholders approved a US$0.60 per share dividend and re-elected six directors at meetings attended by 82.28% of voting rights. They also backed the cancellation of repurchased shares to reduce issued capital and renewed the board’s authorization to raise and adjust share capital.
1. Shareholder Vote and Attendance
Shareholders representing 82.28% of voting rights attended the Annual and Extraordinary General Meetings in Luxembourg, approving all resolutions by a strong majority.
2. Dividend Approval and Director Elections
Attendees backed a US$0.60 per share dividend distribution and re-elected five sitting directors while electing Roy Harvey to the board, each for a three-year term.
3. Share Capital Reduction and Authorization Renewal
Shareholders approved cancelling repurchased shares to reduce issued share capital and renewed the board’s authority to increase share capital and restrict preferential subscription rights, supporting future financing flexibility.