Outokumpu Completes Share Buyback Program, Acquiring 281,802 Treasury Shares

Outokumpu Completes Share Buyback Program, Acquiring 281,802 Treasury Shares

(IN BRIEF) On January 17, 2024, Outokumpu, a Finnish stainless steel manufacturer, successfully concluded its share buyback program, repurchasing a total of 281,802 of its own shares across various trading venues. The company had initiated the program on November 29, 2023, with approval from the Board of Directors and authorization from the Annual General Meeting, allowing a maximum buyback of 11 million shares and a budget of up to EUR 50 million. The buyback program is set to conclude no later than March 21, 2024. After these transactions, Outokumpu now holds a total of 28,594,460 treasury shares. More detailed transaction information is available in the provided appendix to this announcement.

(PRESS RELEASE) HELSINKI, 18-Jan-2024 — /EuropaWire/ —

On January 17, 2024, Outokumpu has completed repurchases of 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 28,594,460 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