Outokumpu Oyj repurchased 267,107 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu finalized its share repurchase program on February 23, 2024, acquiring a total of 267,107 of its own shares across various trading venues. The company’s buyback initiative, initiated on November 29, 2023, aimed to repurchase a maximum of 11 million shares, with approval from the Board of Directors under the authorization of the Annual General Meeting, allocating up to EUR 50 million for the program. Following these transactions, Outokumpu now holds 32,243,502 treasury shares.

(PRESS RELEASE) HELSINKI, 26-Feb-2024— /EuropaWire/ —

On February 23, 2024, Outokumpu has completed repurchases its own shares as follows (ISIN FI0009002422):

Trading venue	Number of shares	Weighted average price / share, EUR*	Total cost, EUR*
CEUX	110,042	4.0851	449,533.34
XHEL	154,250	4.0858	630,233.52
AQEU	2,662	4.0846	10,873.10
TQEX	153	4.074	623.32
Total:	267,107	4.09	1,091,263.28

* 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 32,243,502 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