Do you want to know more about Stora Enso?
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 anna-lena.astrom@storaenso.com or hanne.karrinaho@storaenso.com.
| Number of shares as of 15 May 2023 | | ||
|---|---|---|---|
| A share | 176 234 787 | ||
| R share | 612 385 200 | ||
| Total number of shares | 788 619 987 | ||
| Total number of votes | 237 473 307 | ||
| Share capital 31 March 2006 | EUR 1 342 million | ||
| Breakdown of shares | A share | R share | Total |
| Conversion of A shares into R shares 1 December - 31 December 2022 | -4 | 4 | |
| 16 January 2023 | 176 238 276 | 612 381 711 | 788 619 987 |
| Conversion of A shares into R shares 1 January - 31 January 2023 | -825 | 825 | |
| 15 February 2023 | 176 237 451 | 612 382 536 | 788 619 987 |
| Conversion of A shares into R shares 1 March - 31 March 2023 | -2 398 | 2 398 | |
| 17 April 2023 | 176 235 053 | 612 384 934 | 788 619 987 |
| Conversion of A shares into R shares 1 April - 30 April 2023 | -266 | 266 | |
| 15 May 2023 | 176 234 787 | 612 385 200 | 788 619 987 |
| Registered share capital is (since 31 March 2006): EUR 1 342 215 448.30 |
| 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 |
Stora Enso Oyj’s Annual General Meeting 2023 was held on Thursday16 March 2023. The AGM approved the proposal by the Board of Directors that the Company shall distribute a dividend of EUR 0.60 per share for the year 2022.
Record date for dividend: 20 March 2023
Dividend payment: 27 March 2023
Exchange rates: 11.19250 for SEK and 1.0781 for USD
Dividend history (pdf)
Changes in the Finnish law based withholding taxation of dividends paid to holders of nominee registered shares have entered into force and are applicable as of 1 January 2021.
In practice, this means that as a starting point, withholding tax of 35% will be withheld on Finnish source dividend payments in most cases. In certain situations where inter alia a custodian is registered with the Finnish Tax Administration, the withholding percentage may also be lower.
It is possible to apply from the Finnish Tax Administration for a reclaim of any tax withheld in excess of the applicable withholding tax rate (e.g. applicable tax treaty rate) after the year of the dividend payment.
This can be done by submitting a refund application to the Finnish Tax Administration, either on paper (form for corporate entities here, and for individuals here), or electronically.
You may also be able to receive a refund already during the year of dividend payment via your registered custodian. Please contact your custodian for further information.
Additional information on withholding tax reclaims can be obtained from the Tax Administration either:
Please note that Stora Enso does not process withholding tax reclaims.
Dividends paid to Finnish tax resident holders of nominee registered shares may as of 2020 have been subject to withholding of 50% tax prepayment (ennakonpidätys). Any excess tax prepayment will be credited in the normal tax assessment process where the shareholder reports their dividend income to the Finnish Tax Administration.
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
The Annual General Meeting 2023 authorised the Board of Directors to decide on the repurchase of Stora Enso R shares until 31 July 2024.
The amount of R shares to be repurchased shall not exceed 2,000,000 shares, which corresponds to approximately 0.25% of all shares and 0.33% of all R shares in the Company. Own R shares can be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase). Own R shares can be repurchased using the unrestricted equity of the Company at a price formed in public trading on the date of the repurchase or otherwise at a price determined by the markets. Own R shares may be repurchased primarily in order to use the shares as part of the Company's incentive and remuneration scheme. The repurchased shares may be held for reissue, cancelled or transferred further.
