Outokumpu Completes Share Repurchases, Totaling 223,307 Shares and Nearing Program Limit

Outokumpu Completes Share Repurchases, Totaling 223,307 Shares and Nearing Program Limit

(IN BRIEF) On January 11, 2024, Outokumpu announced the successful completion of its share repurchase program, buying back a total of 223,307 of its own shares across various trading venues at a weighted average price of EUR 4.04 per share, totaling EUR 903,199.46. This move followed the company’s earlier announcement of a share buyback program, with a maximum limit of 11 million shares and a budget of up to EUR 50 million, authorized by the Annual General Meeting. The program is set to conclude by March 21, 2024. After these transactions, Outokumpu now holds 27,804,656 treasury shares. Further transaction details can be found in the attached appendix to the announcement.

(PRESS RELEASE) HELSINKI, 13-Jan-2024 — /EuropaWire/ —

On January 11, 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 27,804,656 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