Outokumpu Oyj repurchased 350,906 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 350,906 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has finalized the repurchase of its own shares, as outlined in its recently announced buyback program. The company completed transactions across multiple trading venues, acquiring a total of 350,906 shares at an average price of EUR 4.1 per share, totaling EUR 1,437,216.59. This buyback initiative, approved by the Board of Directors, was part of a larger program authorizing the repurchase of up to 11 million shares, with a maximum budget of EUR 50 million. With these transactions, Outokumpu now holds 32,394,155 treasury shares, further consolidating its financial position. Details of the transactions are available as an appendix to the announcement, marking a significant milestone in the company’s strategic financial management.

(PRESS RELEASE) HELSINKI, 15-Feb-2024 — /EuropaWire/ —

On February 14, 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 32,394,155 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