Repurchase of Outokumpu’s own shares

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Outokumpu Oyj
Stock exchange release

February 29, 2024, at 9.30 am EET

Repurchase of Outokumpu’s own shares

On February 28, 2024, 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 35,379 4.0896 144,687.22
XHEL 35,621 4.0892 145,661.63
Total: 71,000 4.09 290,348.85

* 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 32,918,827 treasury shares.

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

For more information:

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

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

Media desk, tel. +358 40 351 9840, e-mail media(at)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 approximately 8,500 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com

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