Outokumpu Completes Share Repurchase, Adding 158,885 Treasury Shares

Outokumpu Completes Share Repurchase, Adding 158,885 Treasury Shares

(IN BRIEF) On December 27, 2023, Outokumpu finalized its share repurchase program, acquiring its own shares as per the following breakdown: 58,492 shares on CEUX at a weighted average price of EUR 4.5323 per share, 99,377 shares on XHEL at EUR 4.5309 per share, and 1,016 shares on AQEU at EUR 4.533 per share, totaling 158,885 shares at an average price of EUR 4.53 per share, amounting to EUR 719,974.31 in total cost. The share buyback program, which was authorized by the Board of Directors under the Annual General Meeting, allows for the repurchase of up to 11 million shares with a maximum value of EUR 50 million, concluding no later than March 21, 2024. Following these transactions, Outokumpu now holds 25,687,427 treasury shares. Additional transaction details can be found in the announcement’s appendix.

(PRESS RELEASE) HELSINKI, 29-Dec-2023 — /EuropaWire/ —

On December 27, 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 25,687,427 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