Repurchase of Outokumpu’s own shares

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Outokumpu Oyj
Stock exchange release
March 16, 2023, at 9.00 am EET

Repurchase of Outokumpu’s own shares

On March 15, 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

134,643

5.353

720,746.98

XHEL

291,267

5.3211

1,549,852.95

AQEU

28,598

5.311

151,884.86

TQEX

18,229

5.3858

98,177.25

Total:

472,737

5.33

2,520,662.03

* 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 21,567,383 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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