Outokumpu Completes Share Repurchase Program, Acquiring Over 144,000 Shares

Outokumpu Completes Share Repurchase Program, Acquiring Over 144,000 Shares

(IN BRIEF) On January 12, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 144,091 of its own shares from various trading venues at an average price of EUR 4.09 per share, totaling EUR 588,853.23. This buyback initiative was initiated after Outokumpu announced its intention to repurchase up to 11 million shares on November 29, 2023, with approval from the Board of Directors for a maximum expenditure of EUR 50 million. The program is set to conclude by March 21, 2024, and as of now, Outokumpu holds a total of 27,948,747 treasury shares. Additional transaction details can be found in the provided appendix to this announcement.

(PRESS RELEASE) HELSINKI, 15-Jan-2024— /EuropaWire/ —

On January 12, 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 27,948,747 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