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

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 15 May 2020
​​A share​​176 255 084
R share612 364 903
Total number of shares788 619 987
Total number of votes 237 491 574
​Share capital 31 March 2006​​EUR 1 342 million
Breakdown of sharesA shareR shareTotal
​Conversion of A shares into R shares 1-31 January-53 23653 236
14 February 2019176 259 436612 360 551788 619 987
​Conversion of A shares into R shares 1 February-31 March-300300
15 April 2019176 259 136612 360 851788 619 987
​Conversion of A shares into R shares 1-30 April-300300
15 May 2019176 258 836612 361 151788 619 987
​Conversion of A shares into R shares 1 May-30 June-400400
15 July 2019176 258 436612 361 551788 619 987
Conversion of A shares into R shares 1-31 July-172172
15 August 2019176 258 264612 361 723788 619 987
Conversion of A shares into R shares 1-31 August-200200
16 September 2019176 258 064612 361 923788 619 987
Conversion of A shares into R shares 1-30 September-1 0001 000
15 October 2019176 257 064612 362 923788 619 987
Conversion of A shares into R shares 1 October-30 November-230230
16 December 2019176 256 834612 363 153788 619 987
Conversion of A shares into R shares 1 January-31 January-850850
14 February 2020176 255 984612 364 003788 619 987
Conversion of A shares into R shares 1 February-31 March-400400
14 April 2020176 255 584612 364 403788 619 987
Conversion of A shares into R shares 1 - 30 April 2020-500500
15 May 2020176 255 084612 364 903788 619 987
Registered share capital is (since 31 March 2006): EUR 1 342 215 448.30

Stora Enso's shares

HelsinkiStockholmOTC
A shareSTEAVSTE A-
R shareSTERVSTE R-
ADRs--SEOAY
CurrencyEURSEKUSD
German stock quotations (Freiverkehr)
SymbolCUSIO numberPlace of listing
A shareENUA870 734Berlin, Munich
R shareENUR871 004Berlin, 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 2019

Annual General Meeting approved the dividend of EUR 0.15 per share*. 

Record date for dividend: 8 June 2020
Dividend payment: 15 June 2020 

Exchange rates for the dividend paid on 15 June 2020 were 10.4403 for SEK and 1.1241 for USD.

*In addition, the AGM approved the proposal that the Board of Directors to decide at its discretion on the payment of dividend up to a maximum of EUR 0.35 per share at a later stage.

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

Contacts for ADR investors and brokers

Contacts for registered ADR holders

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.