Share buyback program 2022-2023

On November 3, 2022 Outokumpu launched a share buyback program of a maximum of 20 million shares.  

Board of Directors approved a share buyback program of up to EUR 100 million under the authorization of the Annual General Meeting. The maximum number of shares to be repurchased under the program is 20 million, representing approximately 4.4% of the company’s total number of shares. The program commences at the earliest on November 7, 2022 and ends no later than on March 24, 2023.

Through the share buyback program, Outokumpu seeks to mitigate and manage the dilutive impact of the company’s outstanding convertible bonds. The repurchased shares will be initially held by Outokumpu as treasury shares and may be used to meet its obligations under the convertible bonds. Alternatively, Outokumpu may decide to cancel any or all of the repurchased shares and reduce its capital accordingly. The share repurchases will be funded by using funds from the unrestricted equity. Prior to the announcement Outokumpu held 4,164,711 of treasury shares, representing 0.91% of the company’s total number of shares.

Outokumpu´s Stock exchange release on November 3, 2022:

Outokumpu launches a share buyback program of a maximum of 20 million shares

 

Share buyback releases:


Repurchase of Outokumpu’s own shares on November 22, 2022
Repurchase of Outokumpu’s own shares on November 21, 2022
Repurchase of Outokumpu’s own shares on November 18, 2022
Repurchase of Outokumpu’s own shares on November 17, 2022
Repurchase of Outokumpu’s own shares on November 16, 2022
Repurchase of Outokumpu’s own shares on November 15, 2022
Repurchase of Outokumpu’s own shares on November 14, 2022
Repurchase of Outokumpu’s own shares on November 11, 2022
Repurchase of Outokumpu’s own shares on November 10, 2022
Repurchase of Outokumpu’s own shares on November 9, 2022

Repurchase of Outokumpu’s own shares on November 8, 2022
Repurchase of Outokumpu’s own shares on November 7, 2022