Outokumpu Oyj repurchased 183,340 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 183,340 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On February 20, 2024, Outokumpu finalized the repurchase of its own shares as part of a previously announced buyback program. The transactions, conducted across various trading venues, resulted in the acquisition of 183,340 shares at a total cost of EUR 752,137.88. This buyback initiative, which began on November 29, 2023, was approved by the Board of Directors with a maximum allocation of EUR 50 million. With these transactions concluded, Outokumpu now holds 32,664,829 treasury shares. Detailed information regarding the transactions is provided in the appendix accompanying the announcement.

(PRESS RELEASE) HELSINKI, 21-Feb-2024 — /EuropaWire/ —

On February 20, 2024, Outokumpu has completed repurchases 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 32,664,829 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