Outokumpu Share Repurchase Program: Secures 34,800 of Its Own Shares

Outokumpu Share Repurchase Program: Secures 34,800 of Its Own Shares

(IN BRIEF) On January 25, 2024, Outokumpu concluded its share repurchases, acquiring its own shares across various trading venues. The total cost amounted to EUR 140,695.46 for a total of 34,800 shares, with weighted average prices per share rounded to two decimals. This buyback program was initially announced on November 29, 2023, with a maximum of 11 million shares to be repurchased, approved by the Board of Directors under the authorization of the Annual General Meeting, not exceeding EUR 50 million in total. The program is set to conclude no later than March 21, 2024, resulting in Outokumpu holding 29,681,882 treasury shares. Further transaction details can be found in the attached appendix.

(PRESS RELEASE) HELSINKI, 26-Jan-2024 — /EuropaWire/ —

On January 25, 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 29,681,882 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