Outokumpu Oyj repurchased 71,000 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 71,000 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, has successfully concluded its share repurchase program, acquiring a total of 71,000 of its own shares across trading venues CEUX and XHEL. The company initiated the buyback program on November 29, 2023, with approval from the Board of Directors for a maximum expenditure of EUR 50 million. The program, which aimed to repurchase up to 11 million shares, concluded on February 28, 2024, ahead of its scheduled end date of March 21, 2024. With these transactions, Outokumpu now holds 32,918,827 treasury shares. Further details of the transactions can be found in the provided appendix.

(PRESS RELEASE) HELSINKI, 29-Feb-2024 — /EuropaWire/ —

On February 28, 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 32,918,827 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