Outokumpu Completes Repurchase of 156,771 Own Shares as Part of EUR 50 Million Buyback Program

Outokumpu Completes Repurchase of 156,771 Own Shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On December 22, 2023, Outokumpu successfully concluded the repurchase of its own shares in accordance with its share buyback program, as previously announced on November 29, 2023. The program, authorized by the Annual General Meeting, allows for the repurchase of a maximum of 11 million shares, with a total value of up to EUR 50 million. The repurchases were carried out on various trading venues, resulting in the acquisition of 156,771 shares at an average price of EUR 4.49 per share, totaling EUR 704,541.48. Following these transactions, Outokumpu now holds a total of 25,528,542 treasury shares. The share buyback program is set to conclude no later than March 21, 2024. Additional transaction details can be found in the appendix to this announcement.

(PRESS RELEASE) HELSINKI, 27-Dec-2023 — /EuropaWire/ —

On December 22, 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 25,528,542 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