Outokumpu Oyj repurchased 472,817 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 472,817 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, on February 7, 2024, finalized its repurchase of its own shares as part of a previously announced buyback program initiated on November 29, 2023. Under this program, Outokumpu had aimed to repurchase a maximum of 11 million shares, with a total allocation of up to EUR 50 million. The company disclosed the completion of repurchases across various trading venues, totaling 472,817 shares at a weighted average price of EUR 3.93 per share, amounting to EUR 1,856,841.72 in total cost. Following these transactions, Outokumpu now holds 31,981,308 treasury shares, demonstrating its commitment to enhancing shareholder value and maintaining a robust financial strategy.

(PRESS RELEASE) HELSINKI, 8-Feb-2024 — /EuropaWire/ —

On February 7, 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 31,981,308 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