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

Outokumpu has an EUR 125 million senior unsecured convertible bond maturing in July 2025. Outokumpu has received a conversion notice pursuant to which bonds amounting to EUR 2,500,000 are converted to a total of 941,832 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 31,702,784 own shares.

The conversion shares and the cancellation of treasury shares are expected to be registered in the Trade Register on or about April 24, 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 April 25, 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