Outokumpu Oyj repurchased 153,564 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 153,564 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has completed its share repurchase program, acquiring a total of 153,564 shares across various trading venues. The program, initiated on November 29, 2023, was approved by the Board of Directors for a maximum of EUR 50 million and is set to conclude by March 21, 2024. Following the repurchases, Outokumpu now holds 31,508,491 treasury shares.

(PRESS RELEASE) HELSINKI, 7-Feb-2024 — /EuropaWire/ — Outokumpu, a global leader in sustainable stainless steel, proudly announces the completion of its share repurchase program, reinforcing its commitment to enhancing shareholder value and demonstrating confidence in its strategic direction.

The repurchase transactions were executed as follows across various trading venues (ISIN FI0009002422):

• CEUX: 59,352 shares at a weighted average price of EUR 4.0042, totaling EUR 237,655.38
• XHEL: 90,918 shares at a weighted average price of EUR 4.0023, totaling EUR 363,881.75
• AQEU: 2,477 shares at a weighted average price of EUR 3.9862, totaling EUR 9,873.82
• TQEX: 817 shares at a weighted average price of EUR 3.995, totaling EUR 3,263.92

In total, Outokumpu repurchased 153,564 shares at an average price of EUR 4, amounting to EUR 614,674.87 (rounded to two decimals).

This share buyback program was initiated following Outokumpu’s announcement on November 29, 2023, with the Board of Directors approving a program of up to EUR 50 million under the authorization of the Annual General Meeting. The program is scheduled to conclude no later than March 21, 2024.

Following these transactions, Outokumpu now holds 31,508,491 treasury shares.

Further details of the transactions can be found in the appendix to this announcement.

Outokumpu remains dedicated to its strategic objectives and looks forward to creating long-term value for its shareholders.

For more information:

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

Media: Päivi Allenius, VP – Communications and Brand, tel. +358 40 753 7374

Media desk, tel. +358 40 351 9840, e-mail: media(at)outokumpu.com

SOURCE: Outokumpu Oyj