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Stora Enso Oyj's Annual General Meeting 2025 Highlights

On March 20, 2025, Stora Enso Oyj convened its Annual General Meeting (AGM) at the Marina Congress Center in Helsinki, Finland. This pivotal meeting laid out significant resolutions regarding the company’s future direction, financial dividends, and appointments within its Board of Directors.

Financial Resolutions and Dividend Distribution

The AGM confirmed the financial accounts for the year 2024 and adopted the Remuneration Report and the updated Remuneration Policy through an advisory resolution. A notable decision was made regarding profit distribution: Stora Enso will distribute a dividend of EUR 0.25 per share for fiscal year 2024, split into two installments.

• - First Installment: EUR 0.13 per share to be paid around April 2, 2025, to shareholders registered by March 24, 2025.
• - Second Installment: EUR 0.12 per share, expected to be distributed on or about October 2, 2025, for shareholders registered by September 25, 2025.

The company emphasized that should any legal or regulatory issues arise that impede dividend payments, the Board of Directors will act promptly to reformulate a new record date and payment schedule.

Board of Directors Election

In a crucial move, the AGM decided on the composition of the Board of Directors, confirming nine members. Current directors re-elected include Håkan Buskhe, Helena Hedblom, Astrid Hermann, Kari Jordan, Christiane Kuehne, Richard Nilsson, and Reima Rytsölä. Additionally, Elena Scaltritti and Antti Vasara have joined the board, which will be led by Kari Jordan as Chair and Håkan Buskhe as Vice Chair.

Remuneration Scheme for Board Members

The annual compensation for board members was updated, with significant annual payments outlined:

• - Chair: EUR 221,728
• - Vice Chair: EUR 125,186
• - Members: EUR 85,933

This remuneration will be half shares and half cash, aligned with board members' active participation in corporate governance and performance.

Auditor and Sustainability Reporting Assurer Election

PricewaterhouseCoopers Oy has been appointed as the auditor until the next AGM, with Panu Vänskä overseeing responsibilities. The firm will also serve as the sustainability reporting assurer, further enhancing Stora Enso’s commitment to corporate accountability, ensuring compliance with environmental and ethical standards.

Authorization for Share Repurchase and Issuance

The AGM conferred powers upon the Board of Directors to repurchase up to 2 million R shares, comprising about 0.25% of total shares, primarily for incentivizing staff and managing share issuance effectively. Likewise, the issuance of new R shares is authorized, which is critical for maintaining company liquidity and strategic investments.

Amendment of Corporate Governance Policies

Amendments to the Articles of Association were also approved, reflecting current governance needs, including updates to sustainability reporting obligations and definitions related to shareholders’ meetings.

Stora Enso's AGM reaffirmed its robust framework for corporate governance while emphasizing its ongoing dedication to sustainability and stakeholder engagement. With 19,000 employees and EUR 9 billion in sales for 2024, the company continues to position itself as a leader in renewable products across various sectors.

Conclusion

Stora Enso Oyj’s AGM highlighted its strategic governance and fiscal responsibility approaching 2025. The company remains focused on transforming the forestry sector through sustainable materials and practices, reinforcing its stature as a forward-thinking leader in the industry.