Outokumpu Oyj repurchased 39,634 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 39,634 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu concluded its share repurchase program, acquiring a total of 39,634 of its own shares across trading venues CEUX and XHEL on February 22, 2024. The weighted average price per share stood at EUR 4.1, totaling EUR 162,562.24. This buyback initiative was part of a broader plan announced on November 29, 2023, wherein the company aimed to repurchase up to 11 million shares with a maximum budget of EUR 50 million, authorized by the Annual General Meeting. The program is scheduled to conclude by March 21, 2024. Following these transactions, Outokumpu now holds 31,976,395 treasury shares.

(PRESS RELEASE) HELSINKI, 23-Feb-2024 — /EuropaWire/ —

On February 22, 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 31,976,395 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