Outokumpu Oyj repurchased 80,325 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 80,325 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu finalized its share repurchase program on February 15, 2024, purchasing shares on two trading venues. The total cost amounted to EUR 330,701.62 for 80,325 shares. This action is in line with the company’s previously announced buyback program of up to 11 million shares, approved by the Board of Directors under the Annual General Meeting authorization, with a maximum budget of EUR 50 million. As a result, Outokumpu now holds a total of 32,474,480 treasury shares.

(PRESS RELEASE) HELSINKI, 16-Feb-2024 — /EuropaWire/ —

On February 15, 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 32,474,480 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