Outokumpu Completes Share Repurchase Program, Acquiring 157,620 Treasury Shares

(IN BRIEF) Outokumpu has successfully completed its share repurchase program, acquiring a total of 157,620 treasury shares across multiple trading venues at an average price of EUR 4.46 per share. The program, announced on November 29, 2023, allowed for the repurchase of a maximum of 11 million shares and was authorized by the Annual General Meeting, with a total budget of up to EUR 50 million. After these transactions, Outokumpu now holds 24,516,272 treasury shares.

(PRESS RELEASE) HELSINKI, 16-Dec-2023 — /EuropaWire/ —

On December 14, 2023, Outokumpu has completed repurchases its own shares as follows (ISIN FI0009002422):

Trading venue	Number of shares	Weighted average price / share, EUR*	Total cost, EUR*
CEUX	82,890	4.4611	369,776.90
XHEL	74,264	4.4601	331,225.87
AQEU	466	4.457	2,076.96
Total:	157,620	4.46	703,079.73

* 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 24,516,272 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