Outokumpu Oyj repurchased 543,921 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 543,921 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has concluded its share repurchase program, acquiring a total of 543,921 of its own shares across various trading venues. This initiative, part of a larger buyback program announced in November 2023, aimed to repurchase up to 11 million shares with a maximum budget of EUR 50 million. The Board of Directors approved this program, scheduled to conclude by March 21, 2024. Following these transactions, Outokumpu now holds 32,787,423 treasury shares. Details of the repurchase transactions are provided in the appendix to the announcement, marking a significant milestone in Outokumpu’s financial strategy.

(PRESS RELEASE) HELSINKI, 27-Feb-2024 — /EuropaWire/ —

On February 26, 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 32,787,423 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