Shares and shareholders

Stora Enso
Investors
Shares and shareholders

Stora Enso Oyj shares are listed on the Nasdaq Helsinki Oy and Nasdaq Stockholm AB, and are divided into A and R shares.

All shares entitle holders to an equal dividend but different voting rights, with each A share and each ten R shares representing one vote at the Annual General Meeting (AGM).

Stora Enso shares are quoted in Euros (EUR) in Helsinki and in Swedish crown (SEK) in Stockholm. Shares are registered in Euroclear Finland and Euroclear Sweden and the ADRs in Citibank, N.A.

For changes in ownership according to the Finnish Securities Markets Act, please send an e-mail to ulla.paajanen@storaenso.com or hanne.karrinaho@storaenso.com.

Conversion guide

Our tools

Please note: Shares registered in Euroclear Sweden (STE R shares) and ADRs are both nominee registered in Euroclear Finland and thus included in the number of STERV in the table above. For total number of Stora Enso R and A shares, please see table below.

Share information

Number of shares as of 16 September 2019
A share	176 258 064
R share	612 361 923
Total number of shares	788 619 987
Total number of votes	237 494 256
Share capital 31 March 2006	EUR 1 342 million

Breakdown of shares	A share	R share	Total
16 January 2018	176 351 610	612 268 377	788 619 987
Conversion of A shares into R shares 1-31 January 2018	-400	400
8 February	176 351 210	612 268 777	788 619 987
Conversion of A shares into R shares 1-31 March	-10 418	10 418
16 April	176 340 792	612 279 195	788 619 987
Conversion of A shares into R shares 1-30 April	-300	300
15 May 2018	176 340 492	612 279 495	788 619 987
Conversion of A shares into R shares 1-31 May	-250	250
15 June 2018	176 340 242	612 279 745	788 619 987
Conversion of A shares into R shares 1-29 June	-13 070	13 070
16 July 2018	176 327 172	612 292 815	788 619 987
Conversion of A shares into R shares 1-31 August	-125	125
14 September 2018	176 327 047	612 292 940	788 619 987
Conversion of A shares into R shares 1-30 September	-55	55
15 October 2018	176 326 992	612 292 995	788 619 987
Conversion of A shares into R shares 1-30 November	-14 320	14 320
14 December 2018	176 312 672	612 307 315	788 619 987
Conversion of A shares into R shares 1-31 January	-53 236	53 236
14 February 2019	176 259 436	612 360 551	788 619 987
Conversion of A shares into R shares 1 February-31 March	-300	300
15 April 2019	176 259 136	612 360 851	788 619 987
Conversion of A shares into R shares 1-30 April	-300	300
15 May 2019	176 258 836	612 361 151	788 619 987
Conversion of A shares into R shares 1 May-30 June	-400	400
15 July 2019	176 258 436	612 361 551	788 619 987
Conversion of A shares into R shares 1-31 July	-172	172
15 August 2019	176 258 264	612 361 723	788 619 987
Conversion of A shares into R shares 1-31 August	-200	200
16 September 2019	176 258 064	612 361 923	788 619 987

Registered share capital is (since 31 March 2006): EUR 1 342 215 448.30

Stora Enso's shares

	Helsinki	Stockholm	OTC
A share	STEAV	STE A	-
R share	STERV	STE R	-
ADRs	-	-	SEOAY
Currency	EUR	SEK	USD

German stock quotations (Freiverkehr)

	Symbol	CUSIO number	Place of listing
A share	ENUA	870 734	Berlin, Munich
R share	ENUR	871 004	Berlin, Frankfurt, Stuttgart, Munich, Düsseldorf

Dividends

Our Dividend Policy promotes the payment of stable dividends linked to our long-term performance and to distribute 50% of earnings per share (EPS) over the financial cycle.

Dividend in 2018

Annual General Meeting approved the dividend of EUR 0.50 per share.

Record date for dividend: 18 March 2019
Dividend payment: 25 March 2019

EUR/SEK rate 10.41
EUR/USD rate 1.1304

Dividend history

American depositary receipts - ADRs

Stora Enso’s shares are traded in the USA as American Depositary Receipts (ADRs). The ratio between Stora Enso ADRs and R shares is 1:1, i.e. one ADR represents one Stora Enso R share.

Citibank, N.A. (Citi) acts as depositary bank for Stora Enso's ADR programme. The trading symbol is SEOAY and the CUSIP is 86210M106.

Additional ADR info

Stora Enso share buy-backs

The Annual General Meeting 2019 authorized the Board of Directors to decide on the repurchase of Stora Enso R shares until 31 July 2020. Read the full decision in Annual General Meeting 2019 minutes.

Share buy-back history

Old share certificates

Stora Enso’s and its predecessors (e.g. Enso-Gutzeit) physical, paper format shares have had no financial value since 14 June 2012.

Old Stora Enso and its predecessors (e.g. Enso-Gutzeit) physical, paper share certificates have not been in use since the shares were transferred to the book-entry system, but have been held in a joint book entry account. In 2001, Stora Enso’s Annual General Meeting approved the sale of Stora Enso shares that were not transferred to the book-entry system on behalf of their owners. On 5 June 2002, Stora Enso sold the shares (in total 7 121 series A and 23 100 series R shares) which were not transferred to the book-entry system by that date.

The owners or other holders of rights over the shares that were in this joint book-entry account were entitled to claim an amount proportional to their shares from the sale. The amount was paid from the net sale proceeds deposited with the Provincial State Office of Southern Finland against share certificates or any other title documents. The right to claim from the deposited funds expired after ten years in 14 June 2012.

Share history

Stora Enso Oyj is a global paper, packaging and wood products company, with shares listed on Nasdaq Helsinki and Nasdaq Stockholm, and traded in the USA as ADRs. Stora Enso was formed through the merger of Finnish Enso and Swedish STORA at the end of 1998. However, the roots of the company date back to the 13th century and beyond.

1288: STORA’s history dates back to a time when copper mining started in Falun, Sweden. The company is first mentioned in documents dated 1288.

1872: Enso is established at Kotka, Finland. The company goes through several mergers and acquisitions over the following decades.

1901: STORA’s shares are listed on the Stockholm Stock Exchange.

1916: Enso's shares are listed on the Helsinki Exchanges.

1998: STORA and Enso merge – Enso Oyj’s name is changed to Stora Enso Oyj and its share capital is increased. New shares are listed on the Helsinki Exchanges and on the Stockholm Stock Exchange.

1999: Stora Enso initiated compulsory redemption of the remaining STORA shares. STORA shares were delisted from the Stockholm, London and Frankfurt stock exchanges.

2000: Stora Enso shares are listed on the New York Stock Exchange.

2007: Stora Enso shares are delisted from the New York Stock Exchange.