Outokumpu Corporation
Stock exchange release
May 21, 2025 at 9.00 am EEST
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
Outokumpu is accelerating the green transition as the global leader in
sustainable stainless steel. Our business is based on the circular economy: our
products are made from 95% recycled materials, which we then turn into fully
recyclable stainless steel. This steel is utilized in various applications
across society, including infrastructure, mobility, and household appliances. We
are committed to 1.5°C target to mitigate climate change, and with up to 75%
lower carbon footprint than the industry average, we support our customers to
reduce their emissions. Together, we are working towards a world that lasts
forever. Outokumpu Corporation employs approximately 8,700 professionals in
close to 30 countries, with headquarters in Helsinki, Finland and shares listed
in Nasdaq Helsinki. Read more: www.outokumpu.com