Outokumpu Oyj repurchased 126,817 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 126,817 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On January 30, 2024, Outokumpu announced the successful completion of its share repurchase program, with a total cost of EUR 507,792.07. The program, initiated on November 29, 2023, aimed to repurchase a maximum of 11 million shares with the approval of the Board of Directors under the authorization of the Annual General Meeting. These repurchased shares now bring Outokumpu’s treasury shares to a total of 30,390,712. The program is set to conclude no later than March 21, 2024, as disclosed in the announcement. Detailed transaction information can be found in the attached appendix.

(PRESS RELEASE) HELSINKI, 31-Jan-2024 — /EuropaWire/ —

On January 30, 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 30,390,712 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