Outokumpu Acquires EUR 765,290 Worth of Its Own Shares in Buyback Program

Outokumpu Acquires EUR 765,290 Worth of Its Own Shares in Buyback Program

(IN BRIEF) Finnish stainless steel manufacturer Outokumpu has concluded its share repurchase program, acquiring a total of 169,994 of its own shares across various trading venues at an average price of EUR 4.5 per share. The program, which had been announced on November 29, 2023, and authorized by the Annual General Meeting, allowed for the repurchase of up to 11 million shares with a budget of up to EUR 50 million. Following these transactions, Outokumpu now holds 24,849,742 treasury shares. Additional transaction details can be found in the attached appendix to this announcement.

(PRESS RELEASE) HELSINKI, 20-Dec-2023— /EuropaWire/ —

On December 18, 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 24,849,742 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