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State: 17.08.2024 | 11PM
Thu, 12.12.2024       Stora Enso
FI0009005953

STORA ENSO OYJ STOCK EXCHANGE RELEASE 12 December 2024 at 9:00 EET

HELSINKI, Dec. 12, 2024 /PRNewswire/ -- The Board of Directors of Stora Enso Oyj has resolved to establish two new share-based incentive plans for the key employees of the Group and its subsidiaries. Stora Enso's goal is to offer remuneration that motivates, encourages, attracts, and retains top-tier employees. The Group carefully aligns remuneration elements with its strategy and long-term financial interests.

The purpose of the plans is to align the key employees' interests with those of the shareholders to increase the Company's value in the long term, as well as to retain the key employees and offer them competitive share-based incentive schemes. The total combined target group for both plans consist of approximately 300 employees and the maximum plan opportunity is EUR 20 million at the time of grant. The potential rewards will be delivered as Stora Enso R shares and cash. The cash proportion is intended to cover taxes and statutory social security contributions arising from the reward to the recipient.

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