Outokumpu Completes Share Repurchase, Acquiring Over 169,000 Shares

Outokumpu Completes Share Repurchase, Acquiring Over 169,000 Shares

(IN BRIEF) On December 8, 2023, Outokumpu successfully completed its share repurchase program, acquiring a total of 169,928 of its own shares across two trading venues, CEUX and XHEL. The weighted average price per share stood at EUR 4.33, resulting in a total cost of EUR 735,979.68 for the company. This buyback program was initiated following Outokumpu’s announcement on November 29, 2023, which authorized the purchase of a maximum of 11 million shares, amounting to up to EUR 50 million, as approved by the Board of Directors under the authorization of the Annual General Meeting. The program is set to conclude no later than March 21, 2024. After these transactions, Outokumpu now holds a total of 23,842,756 treasury shares. Additional transaction details can be found in the provided appendix to the announcement.

(PRESS RELEASE) HELSINKI, 11-Dec-2023 — /EuropaWire/ — On December 8, 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 23,842,756 treasury shares.

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

Media Contact:

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