(PRESS RELEASE) HELSINKI, 11-Jan-2023 — /EuropaWire/ — Outokumpu (HEL: OUT1V), the largest producer of stainless steel in Europe, has announced the repurchase of 529,756 own shares as part of its share buyback program. The transactions (ISIN FI0009002422), carried out on January 10, 2023, are as follows:
Trading venue | Number of shares | Weighted average price / share, EUR* | Total cost, EUR* |
CEUX | 116,048 | 4.71 | 546,584.96 |
XHEL | 393,445 | 4.7071 | 1,851,975.31 |
AQEU | 20,263 | 4.7045 | 95,326.75 |
Total: | 529,756 | 4.71 | 2,493,887.02 |
* Rounded to two decimals
Outokumpu announced a share buyback program of a maximum of 20 million shares on November 3, 2022. The Board of Directors approved a share buyback program of up to EUR 100 million under the authorization of the Annual General Meeting. The program will end no later than on March 24, 2023.
After the disclosed transactions, Outokumpu holds 15,313,660 treasury shares.
Details of transactions are included as an appendix to this announcement.
For more information:
Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669
Media: Päivi Allenius, VP – Communications and Brand, tel. +358 40 753 7374
Media desk, tel. +358 40 351 9840, e-mail media@outokumpu.com
SOURCE: Outokumpu Oyj
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering micro, small, and…
(IN BRIEF) Bentley Motors introduced its new Compact Full Spectrum Driving Simulator, set to be…
(IN BRIEF) Kapsch TrafficCom AG has successfully divested assets not aligned with its strategic core…
(IN BRIEF) GTT and PipeChina Engineering Technology Innovation Co. Ltd (PipeChina Innovation) have signed a…
(IN BRIEF) Alfa Laval is part of the consortium Molten Salt Storage (MOSS), funded by…
(IN BRIEF) Rheinmetall has secured significant new orders for its plug-and-play heat pump solution, signaling…