Share rewards from Outokumpu’s share-based incentive programs

Share rewards from Outokumpu’s share-based incentive programs

Outokumpu’s Board of Directors has approved the share rewards from Outokumpu’s share-based incentive programs, Performance Share Plan and Restricted Share Pool.

For the Performance Share Plan’s plan period 2020–2022, the targets were met in full. Therefore, 1,298,701 gross shares will be delivered to the participants by the end of April 2022.

In the Restricted Share Pool, the participants will receive 145,400 gross shares of the plan period 2020–2022, 67,499 gross shares of the plan period 2021–2023 (second installment) and 45,434 gross shares of the plan period 2022–2024 (first installment). A total number of 258,333 gross shares will be delivered to the participants of the Restricted Share Pool by the end of April 2022.

Outokumpu will use its treasury shares for the reward payments, which means that the total number of shares of the company will not change. Upon delivery, applicable taxes will be deducted from gross shares, and the remaining net value will be paid to the participants in Outokumpu shares.

More information on share-based programs and their terms is available at: www.outokumpu.com/en/share-based-incentive-programs.

For more information:

Investors: Linda Häkkilä, Head of Investor Relations, tel. +358 40 071 9669

Media: Päivi Allenius, VP – Communications, tel. +358 40 753 7374