Outokumpu Oyj repurchased 245,903 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 245,903 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On February 1, 2024, Outokumpu, a Finnish stainless steel manufacturer, successfully completed its share buyback program, repurchasing a total of 245,903 of its own shares across various trading venues at an average price of EUR 3.99 per share, amounting to a total cost of EUR 980,292.26. This initiative followed the company’s announcement on November 29, 2023, of a share buyback program with a maximum limit of 11 million shares and was approved by the Board of Directors under the authorization of the Annual General Meeting. The program is set to conclude no later than March 21, 2024, leaving Outokumpu with 30,884,278 treasury shares. Additional transaction details can be found in the provided appendix.

(PRESS RELEASE) HELSINKI, 2-Feb-2024 — /EuropaWire/ —

On February 1, 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 30,884,278 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