STORA ENSO OYJ STOCK EXCHANGE RELEASE
Resolution on the use of the profit shown on the balance sheet and the payment of dividend
The AGM resolved, in accordance with the proposal by the Board of Directors, that the Company shall distribute a dividend of
The dividend shall be paid to shareholders who on the record date of the dividend payment,
In addition, the AGM resolved, in accordance with the proposal of the Board of Directors, that the Board of Directors is authorised to decide at its discretion on the payment of an additional dividend up to a maximum of
Composition of the Board of Directors
The AGM resolved, in accordance with the proposal by the Shareholders' Nomination Board, that the Board of Directors shall have eight (8) members.
The AGM further resolved, in accordance with the proposal by the Shareholders' Nomination Board, to re-elect the current members of the Board of Directors - Håkan Buskhe,
In accordance with the proposal by the Shareholders' Nomination Board, the AGM resolved to elect
Remuneration of the members of the Board of Directors
The AGM resolved, in accordance with the proposal by the Shareholders' Nomination Board, that the annual remuneration for the Board of Directors be paid as follows:
Chair
Vice Chair
Members
The AGM also resolved, in accordance with the proposal by the Shareholders' Nomination Board that the annual remuneration for the members of the Board of Directors, be paid in Company shares and cash so that 40% is paid in Stora Enso R shares to be purchased on the Board members' behalf from the market at a price determined in public trading, and the rest in cash. The shares will be purchased within two weeks of the publication of the interim report for the period 1 January 2024-31 March 2024 or as soon as possible thereafter in accordance with applicable legislation. The Company will pay any costs and transfer tax related to the purchase of Company shares.
The AGM resolved, in accordance with the proposal by the Shareholders' Nomination Board, that the annual remuneration for the Board committees be paid as follows:
Financial and
Chair
Members
People and
Chair
Members
Chair
Members
Election and remuneration of the auditor
The AGM resolved, in accordance with the proposal by the Board of Directors, to elect
The AGM also resolved, in accordance with the proposal by the Board of Directors, that the remuneration for the auditor shall be paid based on an invoice approved by the Financial and
Board authorisations to decide on the repurchase and issuance of shares
In accordance with the proposal by the Board of Directors, the AGM resolved to authorise the Board of Directors to decide on the repurchase of Stora Enso R shares as follows:
The amount of R shares to be repurchased shall not exceed 2,000,000 R shares, which corresponds to approximately 0.25% of all shares and 0.33% of all R shares in the Company. Own R shares can be repurchased otherwise than in proportion to the shareholdings of the shareholders (directed repurchase). Own R shares can be repurchased using the unrestricted equity of the Company at a price formed in public trading on the date of the repurchase or otherwise at a price determined by the markets.
Own R shares may be repurchased primarily in order to use the shares as part of the Company's incentive and remuneration scheme. The repurchased shares may be held for reissue, cancelled, or transferred further. The Board of Directors decides on all other matters related to the repurchase of own R shares.
In accordance with the proposal by the Board of Directors, the AGM also resolved to authorise the Board of Directors to decide on the issuance of Stora Enso R shares as follows:
The amount of R shares to be issued based on this authorisation shall not exceed a total of 2,000,000 R shares, corresponding to approximately 0.25% of all shares and 0.33% of all R shares. The authorisation covers both the issuance of new R shares as well as the transfer of own shares held by the Company.
The issuance of R shares may be carried out in deviation from the shareholders' pre-emptive rights for the purpose of using the R shares as part of the Company's incentive and remuneration scheme. The Board of Directors shall decide on other terms and conditions of a share issue.
The authorisations are effective until the beginning of the next AGM, however, no longer than until
Resolutions by the organising meeting of the Board of Directors
The Board of Directors assessed the independence of its members and concluded that the members are independent of the Company and its major shareholders, with the exception of Håkan Buskhe,
For further information, please contact:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691
Part of the global bioeconomy,
For further information, please contact:
Anna-Lena Åström
SVP Investor Relations
tel. +46 70 210 7691
https://news.cision.com/stora-enso-oyj/r/resolutions-by-stora-enso-oyj-s-annual-general-meeting-and-the-organising-meeting-of-the-board-of-di,c3949252
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