Outokumpu Completes Share Repurchases, Holding Over 28 Million Treasury Shares

Outokumpu Completes Share Repurchases, Holding Over 28 Million Treasury Shares

(IN BRIEF) On January 15, 2024, Outokumpu announced the completion of its share repurchase program, where it repurchased its own shares across different trading venues. The total cost of these repurchases amounted to EUR 453,926.84. This program was initiated in November 2023, with a maximum of 11 million shares and an authorization of up to EUR 50 million approved by the Board of Directors. The program is scheduled to conclude by March 21, 2024, and after these transactions, Outokumpu now holds a total of 28,058,540 treasury shares. Further transaction details are provided in the attached appendix.

(PRESS RELEASE) HELSINKI, 16-Jan-2024 — /EuropaWire/ —

On January 15, 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 28,058,540 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