Outokumpu Successfully Acquires 266,213 Shares in Share Repurchase Program

Outokumpu Successfully Acquires 266,213 Shares in Share Repurchase Program

(IN BRIEF) On January 26, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 266,213 of its own shares across various trading venues, with a total cost of EUR 1,073,521.31. This initiative, which began following the announcement of a maximum 11 million share buyback program on November 29, 2023, was authorized by the Annual General Meeting, allowing for a buyback of up to EUR 50 million. The program is scheduled to conclude no later than March 21, 2024, and after these transactions, Outokumpu now holds 29,948,095 treasury shares. Detailed transaction information is provided in the announcement’s appendix.

(PRESS RELEASE) HELSINKI, 29-Jan-2024 — /EuropaWire/ —

On January 26, 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 29,948,095 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