Outokumpu Completes Share Buyback Program with Over 268,000 Shares Repurchased

Outokumpu Completes Share Buyback Program with Over 268,000 Shares Repurchased

(IN BRIEF) Outokumpu has successfully completed its share buyback program, acquiring a total of 268,245 of its own shares across various trading venues at an average price of EUR 4.11 per share, amounting to a total cost of EUR 1,102,228.22. The share buyback program, which was announced on November 29, 2023, had received approval from the Board of Directors, allowing for the repurchase of up to 11 million shares with a maximum budget of EUR 50 million. This program is set to conclude by March 21, 2024, and following these transactions, Outokumpu now holds 27,001,418 treasury shares. Additional transaction details are available in the attached appendix to this announcement.

(PRESS RELEASE) HELSINKI, 8-Jan-2024 — /EuropaWire/ — On January 5, 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 27,001,418 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