Outokumpu Oyj repurchased 4,265 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 4,265 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu finalized the repurchase of its own shares on February 16, 2024, as part of its previously announced buyback program. The company acquired a total of 4,265 shares across trading venues, totaling EUR 17,743.85. This move aligns with Outokumpu’s strategy, as outlined in the share buyback program authorized by the Board of Directors, with a maximum allocation of 11 million shares and a budget of up to EUR 50 million. With these transactions concluded, Outokumpu now possesses 32,478,745 treasury shares. Detailed transaction information is available in the appended announcement.

(PRESS RELEASE) HELSINKI, 19-Feb-2024— /EuropaWire/ —

On February 16, 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 32,478,745 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