Outokumpu Successfully Completes Share Repurchase Program, Acquiring 153,195 Total Shares

Outokumpu Successfully Completes Share Repurchase Program, Acquiring 153,195 Total Shares

(IN BRIEF) On January 24, 2024, Outokumpu finalized the repurchase of its own shares, totaling 153,195 shares across various trading venues, with a weighted average price of EUR 3.99 per share and a total cost of EUR 611,483.24. This share buyback program was initiated following Outokumpu’s announcement on November 29, 2023, for a maximum of 11 million shares, with the approval of the Board of Directors and authorization from the Annual General Meeting. The program is set to conclude no later than March 21, 2024, and as a result of these transactions, Outokumpu now holds 29,647,082 treasury shares. Additional transaction details can be found in the provided appendix to the announcement.

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

On January 24, 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 29,647,082 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