Share subscription based on the conversion of the convertible bond and simultaneous cancellation of treasury shares

Share subscription based on the conversion of the convertible bond and simultaneous cancellation of treasury shares

In 2020, Outokumpu issued an EUR 125 million senior unsecured convertible bond maturing in July 2025, of which EUR 122 million is currently outstanding. Outokumpu has received a conversion notices pursuant to which bonds amounting to EUR 9,500,000 are converted to a total of 3,578,962 Outokumpu’s shares (the “conversion shares”).

The company has today resolved to issue new shares as conversion shares and cancel the corresponding amount of its own shares, which means that the total number of Outokumpu’s shares does not change. After the cancellation, Outokumpu holds a total of 28,123,822 own shares.

The conversion shares and the cancellation of treasury shares are expected to be registered in the Trade Register on or about May 27, 2025. The conversion shares will carry shareholder rights upon registration. Trading in the conversion shares on Nasdaq Helsinki Ltd is expected to commence on or about May 28, 2025.

For further information:
Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 400 719 669
Media: Media desk, tel. +358 40 351 9840, e-mail; media@outokumpu.com