Outokumpu Completes Share Repurchases Under €50 Million Buyback Program

Outokumpu Completes Share Repurchases Under €50 Million Buyback Program

(IN BRIEF) On December 20, 2023, Outokumpu has successfully concluded its share repurchases as part of its buyback program. The buyback program, announced on November 29, 2023, allowed the company to repurchase up to 11 million shares with a maximum budget of EUR 50 million. The total number of shares repurchased across various trading venues amounted to 177,293, with a weighted average price per share of approximately EUR 4.48. After these transactions, Outokumpu now holds 25,196,276 treasury shares. The share buyback program is set to conclude no later than March 21, 2024. Detailed transaction information is available in the appendix of the announcement.

(PRESS RELEASE) HELSINKI, 22-Dec-2023 — /EuropaWire/ —

On December 20, 2023, Outokumpu has completed repurchases its own shares as follows (ISIN FI0009002422):

* Rounded to two decimals

Outokumpu announced a share buyback program of a maximum of 11 million shares on November 29, 2023. The Board of Directors approved a share buyback program of up to EUR 50 million under the authorization of the Annual General Meeting. The program will end no later than on March 21, 2024.

After the disclosed transactions, Outokumpu holds 25,196,276 treasury shares.

Details of transactions are included as an appendix to this announcement.

Media Contacts:

Investors:
Linda Häkkilä
Head of Investor Relations
tel. +358 400 719 669

Media:
Päivi Allenius
VP – Communications & Brand
tel. +358 40 753 7374

Outokumpu media desk
+358 40 351 9840

SOURCE: Outokumpu Oyj