Published: 13:00 23.10.2007 GMT+3 /HUGIN /Source: Outokumpu Oyj /HEX: OUT1V /ISIN: FI0009002422
Outokumpu to start repurchase of its own shares
Stock Exchange Release October 23, 2007 at 1.00 p.m. Outokumpu's Board of Directors has decided to start a repurchase of its own shares based on the authorization of the Annual General Meeting of March 28, 2007.
The maximum amount to be repurchased is 1 000 000 shares, representing some 0.55% of the company's share capital and voting rights. Outokumpu currently holds 218 603 treasury shares.
Shares are repurchased to be used in the company's share based incentive schemes.
The shares will be acquired through public securities trading on the Helsinki stock exchange, at market price.
The repurchase of own shares will commence on November 1, 2007, at the earliest.
For further information, please contact:
Eero Mustala, Senior Vice President - Corporate Communications, Outokumpu Oyj, tel. +358 9 421 2435, mobile: +358 40 504 5146 eero.mustala@outokumpu.com
OUTOKUMPU OYJ
Corporate Management
Ingela Ulfves Vice President - Investor Relations tel. + 358 9 421 2438, mobile +358 40 515 1531, fax +358 9 421 2125 e-mail: ingela.ulfves@outokumpu.com www.outokumpu.com Outokumpu_ownshares_231007
This content was distributed through - connecting communication professionals with their target audience. Visit us here.
Outokumpu is based in Finland.