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Insiders and trading

The Company fully complies with the EU and Finnish regulation on market abuse as well as the insider guidelines of Nasdaq Helsinki. The Company’s internal insider guidelines are published and regularly distributed throughout the organisation. The Company expects all of its employees to act as required of an insider.

All unpublished information that relates to the Company’s present and future business operations must be kept strictly confidential.

Persons discharging managerial responsibilities (PDMR’s) in Stora Enso are the members of the Board, the CEO and the CFO, as well as the members of the Group Leadership Team (GLT). PDMR’s as well as their closely related persons are subject to a duty to notify the Company and the Finnish Financial Supervisory Authority of all transactions with the securities of the Company.

The Company also keeps a list of persons that are involved in the preparation of interim reports and financial results, which is approved by the General Counsel. Persons included in the list are e.g. members of the Division management teams, the heads and all members of Communications and Investor Relations as well as the heads and certain team members of Treasury, Group Accounting and Controlling and Legal.

Persons, who participate in the development and preparation of a project that constitutes inside information, are considered project-specific insiders. A separate project-specific insider register is maintained when considered appropriate by the General Counsel or Assistant General Counsel.

The insider guidelines do not permit Stora Enso PDMR’s or persons involved in the preparation of interim reports or financial results to buy or sell any of the Company's securities (i.e. shares, options and synthetic options) during the closed period defined below or when they possess information that could have a material impact on the Stora Enso share price.

Stora Enso PDMR’s (Board and GLT members) and their closely associated persons have as of 3 July 2016 a duty according to the EU Market Abuse Regulation (MAR) to report all transactions with Stora Enso securities to the Company and the Finnish Financial Supervisory Authority (FIN-FSA) immediately and not later that within three (3) business days from the transaction. 

Instructions for filling out the notification form
1. When sending Stora Enso a transactions notification, please fill in the transaction notification form

The form is available at the FIN-FSA webpage at the following link: Notification Form

Information needed on the form:
Stora Enso LEI code
​   7437000ZP669LKUTZ738
Stora Enso shares

Helsinki stock exchange:

STEAV (A share)

STERV (R share)


Stockholm stock exchange:

STE A (A share)
STE R (R share)

ISIN codes of Stora Enso shares

Helsinki stock exchange:

FI0009005953 (A share)

FI0009005961 (R share)


Stockholm stock exchange:

FI0009007603 (A share)

FI0009007611 (R share)

​Notification reference​  Generated automatically (no need to fill in)

Instructions for sending out the notification form
2. When you have filled in the notification form, please save it as a pdf document on your own computer
3. In order to submit the notification, do as follows
Attach the notification form to an e-mail and send it:
1. ​to the Company at the address
2. ​to the FIN-FSA by accessing the webpage and by sending the notification form at the address:


Please add your phone number to the e-mail so that we can contact you in case of questions.

Company's duty to disclose the information
Stora Enso has a duty to disclose the transaction by means of a stock exchange release no later than three (3) business days from the transaction.


Stora Enso will therefore immediately upon receipt of the notification disclose the information received from a PDMR or its closely associated person as a stock exchange release.

Contacts in case of questions
In case of problems or any questions, please be in contact at the address
Further information on the regulation concerning the notifications of managers’ and their closely associated persons’ transactions is available at Finanssivalvonta pages (in Finnish only).
Public insider register as of 2 July 2016 
The below table shows holdings and changes in holdings of Stora Enso securities of the public insiders of Stora Enso as defined according to the Securities Markets Act in force prior to 3 July 2016, and according to the holdings and changes in holdings on or before 2 July 2016. Please note that the information is not updated after 2 July 2016. How to read the table