Outokumpu Oyj repurchased 51,461 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 51,461 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has successfully concluded its share repurchase program, acquiring its own shares across various trading venues. With meticulous detail provided on the number of shares, weighted average prices, and total costs, the company has demonstrated transparency in its financial activities. The buyback program, initiated in November 2023 and authorized by the Board of Directors, aimed to repurchase a maximum of 11 million shares with a budget of up to EUR 50 million. With the program ending by March 21, 2024, Outokumpu now holds a substantial 32,043,249 treasury shares, reflecting its strategic financial management approach.

(PRESS RELEASE) HELSINKI, 14-Feb-2024 — /EuropaWire/ —

On February 13, 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 32,043,249 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