Outokumpu Completes Share Repurchases, Holds 25.9 Million Treasury Shares

(IN BRIEF) On December 28, 2023, Outokumpu concluded its share repurchase program, acquiring a total of 169,699 of its own shares across various trading venues. The buyback program, which had a maximum limit of 11 million shares and was authorized by the Annual General Meeting for up to EUR 50 million, is set to conclude no later than March 21, 2024. Following these transactions, Outokumpu now possesses 25,857,126 treasury shares. For further information, investors can contact Linda Häkkilä, Head of Investor Relations, and media inquiries can be directed to Päivi Allenius, VP – Communications and Brand, or the media desk. Additional transaction details are available in the appendix to this announcement.

(PRESS RELEASE) HELSINKI, 30-Dec-2023 — /EuropaWire/ —

On December 28, 2023, Outokumpu has completed repurchases of its own shares as follows (ISIN FI0009002422):

Trading venue	Number of shares	Weighted average price / share, EUR*	Total cost, EUR*
CEUX	73,034	4.5177	329,947.72
XHEL	94,671	4.5246	428,346.90
AQEU	1,721	4.5096	7,760.98
TQEX	273	4.507	1,230.41
Total:	169,699	4.52	767,286.02

* 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 25,857,126 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