Stora Enso shares converted and North American stock options exercised
STORA ENSO OYJ Stock Exchange Announcement 16 February 2005 at 10.15
Stora Enso shares converted and North American stock options
exercised
Conversion of A shares into R shares
During the 1 January3 February 2005 conversion period there
were three conversions and a total of 1 764 A shares were
converted into R shares. The shares were recorded in the Finnish
trade register today, 16 February 2005, and trading in the new
R shares will start on 17 February 2005.
Breakdown of shares after conversion:
A shares 179 046 645
R shares 658 196 754
Total 837 243 399
Stora Enso North America Option Programme
Following the acquisition of Consolidated Papers, Inc. the Board
of Directors decided to convert the Consolidated Papers share
option plans into Stora Enso share option plans. In January 2005
a total of 10 348 R shares were subscribed against North
American stock options. These R shares were previously held by
the Company.
After the subscription the Company holds:
A shares 12 300
R shares 19 930 783
For further information, please contact:
Ulla Paajanen-Sainio, Vice President, Investor Relations and
Financial Communications, tel. +358 2046 21242
STORA ENSO OYJ
p.p. Jussi Siitonen Veli-Matti Tahvanainen