Outokumpu Completes Share Repurchase Program: Acquires 170,090 Own Shares

Outokumpu Completes Share Repurchase Program: Acquires 170,090 Own Shares

(IN BRIEF) On December 12, 2023, Outokumpu has successfully completed its share repurchase program, buying back a total of 170,090 of its own shares on trading venues CEUX and XHEL. The repurchase program, which was announced on November 29, 2023, aimed to repurchase a maximum of 11 million shares and was approved by the Board of Directors under the authorization of the Annual General Meeting. The total cost of these repurchases amounted to EUR 737,770.57. Following these transactions, Outokumpu now holds 24,183,701 treasury shares. The share buyback program is set to conclude no later than March 21, 2024. Detailed transaction information is available in the appendix to this announcement.

(PRESS RELEASE) HELSINKI, 14-Dec-2023 — /EuropaWire/ —

On December 12, 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 24,183,701 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 and Brand
tel. +358 40 753 7374

Media desk
tel. +358 40 351 9840
e-mail media@outokumpu.com

SOURCE: Outokumpu Oyj