Outokumpu

Treasury shares

Outokumpu currently holds 1 218 603 treasury shares. The amount corresponds to 0.55% of the Company´s shares and voting rights.


Repurchase of own shares, November 2007

The Board of Directors has a valid authorization granted by the Annual General
Meeting of 2007 to repurchase and transfer the Company's own shares. The key
terms of the repurchase program are:

  • The maximum number of shares to be repurchased is 18 000 000,
    currently representing 9.93% of the company’s issued and outstanding
    shares. Based on earlier authorizations the Company at the time of
    AGM held 218 603 of its own shares.
  • The price payable for the shares is, at the most, the highest prevailing
    price in public trading.
  • The shares can be repurchased in deviation from the proportional
    shareholdings of the current shareholders.
  • The Board of Directors is authorized to decide on other matters and
    measures related to the repurchasing of own shares.

The authorization is valid until the Annual General Meeting in 2008, however no longer
than May 31, 2008.

The Annual General Meeting authorized the Board of Directors to decide to issue
shares and grant share entitlements. The key terms to issue shares and grant
share entitlements are:

  • New shares can be issued, treasury shares can be transferred (share issue)
    and share entitlements, as specified in Chapter 10, Section 1, of the Finnish
    Companies Act, excluding option rights for company management and
    personnel, can be granted.
  • The maximum number of new shares to be issued under a share issue
    and/or by exercising share entitlements is 18 000 000, currently representing
    9,93% of the Company’s issued and outstanding shares and, in addition,
    the maximum number of treasury shares to be transferred is 18 000 000,
    currently representing 9,93% of the Company’s issued and outstanding
    shares.
  • The Board of Directors is authorized to decide who will have the right to
    subscribe for the shares or be entitled to share entitlements. The Board
    of Directors decides amongst other things the subscription price and the
    other terms and conditions of the issue of shares and granting of share
    entitlements.

The authorization is valid until the next Annual General Meeting, however no longer than
May 31, 2008.