Outokumpu Completes Share Repurchase Program, Acquiring 195,429 Shares; Total Treasury Shares Now at 29,493,887

Outokumpu Completes Share Repurchase Program, Acquiring 195,429 Shares; Total Treasury Shares Now at 29,493,887

(IN BRIEF) On January 23, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 195,429 of its own shares across different trading venues at weighted average prices ranging from EUR 3.955 to EUR 3.9669 per share, resulting in a total cost of EUR 775,028.66. This initiative was part of a larger buyback program, initiated on November 29, 2023, with board approval to repurchase up to EUR 50 million worth of shares by March 21, 2024. Following these transactions, Outokumpu now holds 29,493,887 treasury shares. More transaction details can be found in the provided appendix.

(PRESS RELEASE) HELSINKI, 24-Jan-2024 — /EuropaWire/ —

On January 23, 2024, Outokumpu has completed repurchases of 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 29,493,887 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