Repurchase of Outokumpu’s own shares

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Outokumpu Oyj
Stock exchange release
February 23, 2023 at 9.00 am EET

Repurchase of Outokumpu’s own shares


On February 22, 2023, Outokumpu has completed repurchases its own shares as follows (ISIN FI0009002422):
 

Trading venue

Number of shares

Weighted average price / share, EUR*

Total cost, EUR*

CEUX

79,855

5.4829

437,834.04

XHEL

169,689

5.4891

931,437.78

AQEU

17,078

5.4907

93,769.77

Total:

266,622

5.49

1,463,041.59

* Rounded to two decimals

Outokumpu announced a share buyback program of a maximum of 20 million shares on November 3, 2022. The Board of Directors approved a share buyback program of up to EUR 100 million under the authorization of the Annual General Meeting. The program will end no later than on March 24, 2023.

After the disclosed transactions, Outokumpu holds 16,860,331 treasury shares.

Details of transactions are included as an appendix to this announcement.

Outokumpu

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669

Media: Päivi Allenius, VP – Communications and Brand, tel. +358 40 753 7374

Media desk, tel. +358 40 351 9840, e-mail media@outokumpu.com

 

 

Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs more than 8,000 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com

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