Under the Stora Enso option programme for management (1997) 30 000 new R shares were subscribed in October 2001, which have increased the share capital by EUR 51 000. In addition, 208 287 new R shares in ADR form were subscribed between 1 June and 31 August 2001 under the Stora Enso North America option programme for personnel, which have increased the share capital by EUR 354 087.90. Subscriptions under these two programmes have increased Stora Enso's share capital by a total of EUR 405 087.90 to EUR 1 541 166 579.20.
Breakdown of shares following the increase:
A shares 184 273 585
R shares 722 294 991
Total 906 568 576
The increase in share capital due to both option programmes was recorded in the Finnish Trade Register today, 17 October 2001. The shares will be eligible for trading from 18 October 2001.
Following the share capital increase, a further 2 154 000 R shares may be subscribed under the Stora Enso option programme for management (1997) and a further 3 733 616 R shares under the Stora Enso North America option programme for personnel.
For further information, please contact:
Jyrki Kurkinen, Senior Vice President, Legal Affairs, tel. +358 2046 2121
