Correction: Stora Enso Clarifies Share Conversions and Voting Rights

Correction: Stora Enso Clarifies Share Conversions and Voting Rights

(IN BRIEF) In a correction to a previous stock exchange release, Stora Enso provided accurate information regarding share conversions that occurred during the period from November 1 to November 30, 2023. There were five conversions in total, resulting in the conversion of 493 A shares into R shares. These new R shares were officially registered in the Finnish trade register on December 15, 2023, and trading in them commenced on December 16, 2023. Following the conversion, the breakdown of shares includes 176,230,916 A shares and 612,389,071 R shares, with each A share and every ten R shares granting one voting right. The total number of votes after the conversion is at least 237,469,823. Stora Enso, a key player in the global bioeconomy, is dedicated to providing renewable products in various sectors and is one of the largest private forest owners worldwide.

(PRESS RELEASE) HELSINKI, 20-Dec-2023 — /EuropaWire/ — This is a correction to Stora Enso’s stock exchange release published on 15 December 2023 at 09:00 EET with the heading Stora Enso shares converted. The number of conversions and shares converted was incorrect. The corrected release in its entirety can be found below.

During the 1–30 November 2023 conversion period there were five conversions and a total of 493 A shares were converted into R shares. The shares were recorded in the Finnish trade register on 15 December 2023, and trading in the new R shares started on 16 December 2023.

Breakdown of shares after conversion:

A shares     176,230,916
R shares     612,389,071
Total           788,619,987

Each A share and each ten R shares carry one vote. The total amount of votes after the conversion is at least 237,469,823.

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 21,000 employees and Group sales in 2022 of EUR 11.7 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 as ADRs (SEOAY). storaenso.com/investors

Media Contact:

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

SOURCE: STORA ENSO OYJ