Stora Enso shares converted

Rhea-AI Summary

Stora Enso has announced the conversion of 450 A shares into R shares during the December 2024 conversion period. The converted shares were recorded in the Finnish trade register on January 15, 2025, with trading of the new R shares commencing on January 16, 2025.

Following the conversion, the company's share structure stands at 175,663,629 A shares and 612,956,358 R shares, totaling 788,619,987 shares. Each A share carries one vote, while ten R shares are required for one vote, resulting in a total of at least 236,959,264 votes.

Stora Enso, a leading provider of renewable products in packaging, biomaterials, and wooden construction, reported sales of EUR 9.4 billion in 2023 and employs approximately 20,000 people. The company's shares are listed on Nasdaq Helsinki, Nasdaq Stockholm, and traded in the USA on OTC Markets.

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STORA ENSO OYJ STOCK EXCHANGE RELEASE 15 January 2025 at 10:30 EET

HELSINKI, Jan. 15, 2025 /PRNewswire/ -- During the 1 December – 31 December 2024 conversion period there were two conversions and a total of 450 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 January 2025, and trading in the new R shares will start on 16 January 2025.

Breakdown of shares after conversion:

A shares     175,663,629
R shares     612,956,358
Total           788,619,987

Each A share and every ten R shares carry one vote. The total amount of votes after the conversion is at least 236,959,264.

For further information, please contact:

Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691

Stora Enso

Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 20,000 employees and our sales in 2023 were EUR 9.4 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA on OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com/investors

This information was brought to you by Cision http://news.cision.com

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View original content:https://www.prnewswire.com/news-releases/stora-enso-shares-converted-302351554.html

SOURCE Stora Enso Oyj

FAQ

How many Stora Enso (SEOAY) shares were converted in December 2024?

During December 2024, 450 A shares were converted into R shares.

What is the current total number of Stora Enso shares after the January 2025 conversion?

After the conversion, Stora Enso has a total of 788,619,987 shares, consisting of 175,663,629 A shares and 612,956,358 R shares.

How many voting rights does each class of Stora Enso shares carry?

Each A share carries one vote, while ten R shares are required for one vote.

What was Stora Enso's sales revenue in 2023?

Stora Enso reported sales of EUR 9.4 billion in 2023.

When will trading of the newly converted Stora Enso R shares begin?

Trading of the newly converted R shares will begin on January 16, 2025.