Outokumpu Oyj repurchased 9,603 own shares as Part of EUR 50 Million Buyback Program

Outokumpu Oyj repurchased 9,603 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, has successfully concluded the repurchase of its own shares according to the schedule outlined on February 8, 2024. The company disclosed the completion of share repurchases across various trading venues, totaling 9,603 shares at a weighted average price of EUR 4.04 per share, amounting to EUR 38,765.97 in total cost. This action is part of Outokumpu’s previously announced share buyback program, which aimed to repurchase a maximum of 11 million shares by March 21, 2024, under the authorization of the Annual General Meeting. With the completion of these transactions, Outokumpu now holds 31,990,911 treasury shares. Further details of the transactions are provided in the appended announcement.

(PRESS RELEASE) HELSINKI, 9-Feb-2024 — /EuropaWire/ —

On February 8, 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 31,990,911 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