Outokumpu’s Share Repurchase Program Nets Over 244,000 Acquired Shares

Outokumpu’s Share Repurchase Program Nets Over 244,000 Acquired Shares

(IN BRIEF) Outokumpu has successfully concluded its share repurchase program, acquiring a total of 244,303 of its own shares across various trading venues at a weighted average price of EUR 3.99 per share, amounting to a total cost of EUR 975,926.66. The share buyback program, initially announced on November 29, 2023, was approved by the Board of Directors for a maximum of 11 million shares and up to EUR 50 million under the Annual General Meeting’s authorization. The program is set to conclude no later than March 21, 2024, and following these transactions, Outokumpu now holds 29,023,481 treasury shares. Detailed transaction information is available in the appendix to this announcement.

(PRESS RELEASE) HELSINKI, 22-Jan-2024 — /EuropaWire/ —

On January 19, 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 29,023,481 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