Outokumpu Successfully Acquires 184,718 Shares in Share Repurchase Program

Outokumpu Successfully Acquires 184,718 Shares in Share Repurchase Program

(IN BRIEF) On January 18, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 184,718 of its own shares across various trading venues at an average price of EUR 4.03 per share. This initiative was part of Outokumpu’s larger share buyback program, which was announced on November 29, 2023, allowing for the repurchase of up to 11 million shares, with a maximum budget of EUR 50 million. The program is set to conclude by March 21, 2024, and following these transactions, Outokumpu now holds 28,779,178 treasury shares. Additional transaction details can be found in the provided appendix.

(PRESS RELEASE) HELSINKI, 19-Jan-2024 — /EuropaWire/ —

On January 18, 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 28,779,178 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