Outokumpu Oyj repurchased 315,800 own shares as part of its share buyback program

Outokumpu Oyj repurchased 315,800 own shares as part of its share buyback program

(IN BRIEF) On January 29, 2024, Outokumpu has successfully completed the repurchase of its own shares as part of a share buyback program announced on November 29, 2023. The company repurchased a total of 315,800 shares across different trading venues at weighted average prices ranging from EUR 3.9814 to EUR 3.9995 per share, resulting in a total cost of EUR 1,262,294.66. This buyback program, authorized by the Annual General Meeting for up to EUR 50 million, will conclude no later than March 21, 2024. Following these transactions, Outokumpu now holds 30,263,895 treasury shares. Additional transaction details can be found in the appendix to this announcement.

(PRESS RELEASE) HELSINKI, 30-Jan-2024 — /EuropaWire/ —

On January 29, 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 30,263,895 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