Annual General Meeting 2021

Stora Enso Oyj’s Annual General Meeting (AGM) was held on 19 March 2021 at the Company's Head Office in Helsinki, Finland. In order to prevent the spread of the Covid-19 pandemic, a shareholder or his/her proxy representative could not be present at the venue of the meeting.

A total of 2 041 shareholders representing approximately 514 million shares and 196 million votes were represented at the meeting. The AGM supported all the proposals made by the Shareholders’ Nomination Board and the Board of Directors to the AGM by at least 91.47 percent of the votes cast. The AGM adopted the annual accounts and granted the Company’s Board of Directors and Chief Executive Officer discharge from liability for the financial period 1 January 2020 – 31 December 2020. The AGM also resolved to the Company’s Remuneration Report in an advisory vote.

Resolution on the use of the profit shown on the balance sheet and the payment of dividend

The AGM approved the proposal by the Board of Directors that the Company shall distribute a dividend of EUR 0.30 per share for the year 2020.

The dividend shall be paid to shareholders who on the record date of the dividend payment, Tuesday 23 March 2021, are recorded in the shareholders’ register maintained by Euroclear Finland Oy or in the separate register of shareholders maintained by Euroclear Sweden AB for Euroclear Sweden registered shares. Dividends payable for Euroclear Sweden registered shares will be forwarded by Euroclear Sweden AB and paid in Swedish crown. Dividends payable to ADR holders will be forwarded by Citibank N.A. and paid in US dollars. The dividend shall be paid on or about Tuesday 30 March 2021.

Members of the Board of Directors

The AGM approved the proposal by the Shareholders' Nomination Board, in accordance with which the current members of the Board of Directors – Håkan Buskhe, Elisabeth Fleuriot, Hock Goh, Mikko Helander, Christiane Kuehne, Antti Mäkinen and Richard Nilsson – were re-elected members of the Board of Directors until the end of the following AGM, and Helena Hedblom and Hans Sohlström were elected new members of the Board of Directors for the same term of office. In accordance with the proposal by the Shareholders' Nomination Board, the AGM elected Antti Mäkinen as Chair of the Board of Directors and Håkan Buskhe as Vice Chair of the Board of Directors.

Read more: Stora Enso’s Annual General Meeting and decisions by the Board of Directors, available in the document library below.