STORA ENSO OYJ STOCK EXCHANGE RELEASE 23 March 2010 at 7.00 GMT
Stora Enso's Board of Directors will, as announced on 4 February 2010,
propose
to the Annual General Meeting of the Company to be held on 31 March
2010 that
EUR 0.20 per share be distributed to the shareholders from the
parent company's
invested unrestricted equity fund.
Stora Enso has received a legally final advance ruling
from the Finnish tax
authorities on how the proposed fund distribution of
EUR 0.20 per share from the
parent company's invested unrestricted equity fund
will be treated for tax
purposes. The advance ruling only concerns Stora
Enso's tax withholding
obligations as a distributor of funds.
According to the ruling, EUR 0.035 per
share will be treated taxwise as
dividend and EUR 0.165 per share will be
treated taxwise as repayment
of invested equity at the point of payment. Stora
Enso is liable to withhold
due taxes on the part that will be treated as
dividend.
The fund
distribution will be treated partly as dividend because part of the
funds
in the invested unrestricted equity fund originated from earlier years'
retained earnings.
For further information, please contact:
Ulla Paajanen-Sainio, Head of Investor Relations, tel. +358 2046 21242
www.storaenso.com
www.storaenso.com/investors
Stora Enso is the world leader in forest industry
sustainability. We offer our
customers solutions based on renewable raw
materials. Our products provide a
climate-friendly alternative to many
non-renewable materials, and have a smaller
carbon footprint. Stora Enso is
listed in the Dow Jones Sustainability Index and
the FTSE4Good Index. Stora
Enso employs some 27 000 people worldwide, and our
sales in 2009 amounted
to EUR 8.9 billion. Stora Enso shares are listed on
NASDAQ OMX Helsinki
(STEAV, STERV) and Stockholm (STE A, STE R). In addition,
the shares are
traded in the USA as ADRs (SEOAY) in the International OTCQX
over-the-counter market.
STORA ENSO OYJ
Jari Suvanto Ulla Paajanen-Sainio
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