Outokumpu Oyj repurchased 877 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 877 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) In its latest move, Outokumpu has finalized the repurchase of its own shares as per the announced buyback program. On February 9, 2024, the company acquired 877 shares at an average price of 4.114 EUR per share, amounting to a total cost of 3,607.98 EUR. This action follows the approval of a share buyback program of up to 11 million shares, with a budget of EUR 50 million, sanctioned by the Board of Directors. With these transactions concluded, Outokumpu now holds 31,991,788 treasury shares. Further details of the transactions are available in the appendix accompanying the announcement.

(PRESS RELEASE) HELSINKI, 12-Feb-2024— /EuropaWire/ —

On February 9, 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 31,991,788 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