Annual General Meeting
The Annual General Meeting (AGM) of Stora Enso
Oyj will be held at 4 p.m. (Finnish time) on Thursday,
20 March 2003 at the Finlandia Hall: Mannerheimintie
13 e, Helsinki, Finland.
Pursuant to Finnish law nominee-registered shareholders
wishing to attend and vote at the AGM must be
temporarily registered in the share register of
Stora Enso Oyj on the record date, 10 March 2003.
Instructions for submitting notice of attendance
will be given in the convocation to the AGM, which
will be sent to shareholders, and on the Company’s
website.
Main proposals of the Board of Directors to
the AGM on 20 March 2003
To reduce the share capital of the Company
through the cancellation of repurchased shares.
To authorise the Board of Directors to repurchase
and dispose of own shares. The authorisation
would entitle the repurchase of approximately
9 100 000 A shares and approximately
35 800 000 R shares. The exact numbers
will be determined by the AGM.
To amend the Articles of Association so that
shareholders may at any time make a request
to convert A shares to R shares.
Dividend Policy
Strive to pay stable dividends linked to the
long-term performance
One third of net profits over a business cycle
Payment of dividend
The Board of Directors proposes to the AGM that
a dividend of EUR 0.45 per share be paid for the fiscal
year ending 31 December 2002.
Dividends payable on VPC registered shares will
be forwarded by VPC and paid in Swedish krona.
Dividends payable to ADR-holders will be forwarded
by Citibank and paid in US dollars.
AGM and dividend calendar for 2003
10 March
20 March
21 March
25 March
4 April |
Record date for AGM
AGM
Ex-dividend date
Record date for dividend
Dividend payment effected |
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