Outokumpu Converts EUR 9.5 Million of Convertible Bonds into Shares

Outokumpu Converts EUR 9.5 Million of Convertible Bonds into Shares

(IN BRIEF) Outokumpu has converted EUR 9,500,000 of its senior unsecured convertible bonds into 3,578,962 new shares, with no change to the total number of outstanding shares. After the cancellation of treasury shares, Outokumpu will hold 28,123,822 treasury shares. The conversion shares are expected to be registered and begin trading on Nasdaq Helsinki Ltd in late May 2025.

(PRESS RELEASE) HELSINKI, 21-May-2025 — /EuropaWire/ — Outokumpu has announced that it has received a conversion notice for EUR 9,500,000 of its EUR 125 million senior unsecured convertible bond issued in 2020, with EUR 122 million still outstanding. As a result, a total of 3,578,962 Outokumpu shares (the “conversion shares”) will be issued.

The company has resolved to issue new shares as conversion shares and simultaneously cancel a corresponding amount of its own shares. This will ensure that the total number of Outokumpu shares remains unchanged. Following the cancellation, Outokumpu will hold a total of 28,123,822 treasury shares.

The conversion shares and the cancellation of treasury shares are expected to be registered in the Finnish Trade Register on or about May 27, 2025. Once registered, the conversion shares will carry shareholder rights, and trading in the new shares on Nasdaq Helsinki Ltd is expected to begin on or about May 28, 2025.

Media Contact:

Investors:
Linda Häkkilä
Head of Investor Relations
tel. +358 400 719 669

Media:
media desk
tel. +358 40 351 9840
e-mail: media@outokumpu.com

SOURCE: Outokumpu