Outokumpu Completes Share Repurchase Program, Acquiring 163,476 Shares to Strengthen Financial Position

Outokumpu Completes Share Repurchase Program, Acquiring 163,476 Shares to Strengthen Financial Position

(IN BRIEF) Outokumpu has completed the repurchase of its own shares as part of a share buyback program announced on November 29, 2023. The company repurchased a total of 163,476 shares on December 15, 2023, at a weighted average price of EUR 4.51 per share. The share buyback program, authorized by the Annual General Meeting, allows for the repurchase of a maximum of 11 million shares with a total budget of up to EUR 50 million. The program is scheduled to conclude no later than March 21, 2024. Following these transactions, Outokumpu holds 24,679,748 treasury shares.

(PRESS RELEASE) HELSINKI, 18-Dec-2023 — /EuropaWire/ —

On December 15, 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 24,679,748 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