HELSINKI, Finland, Dec. 15, 2005 (PRIMEZONE) -- Stora Enso (NYSE:SEO) today announced that during the 1-30 November 2005 conversion period there were two conversions and a total of 1,980 A shares were converted into R shares. The shares were recorded in the Finnish trade register today, 15 December 2005, and trading in the new R shares will start on 16 December 2005.
Breakdown of shares after conversion:
A shares 178,159,778 R shares 634,817,321 Total 812,977,099
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. During November 2005 a total of 803 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 38,600
R shares 24,374,885
Stora Enso is an integrated paper, packaging and forest products company producing publication and fine papers, packaging boards and wood products, areas in which the Group is a global market leader. Stora Enso sales totalled EUR 12.4 billion in 2004. The Group has some 45,000 employees in more than 40 countries in five continents and an annual production capacity of 16.4 million tonnes of paper and board and 7.7 million cubic metres of sawn wood products, including 3.2 million cubic metres of value-added products. Stora Enso's shares are listed in Helsinki, Stockholm and New York.
Stora Enso Oyj: Business ID 1039050-8