Frequently Asked Questions
Frequently Asked Questions about Stockmann’s shares, share
options, Annual General Meeting and other investor relations
topics.
Shares
What share series does Stockmann have?
The share capital of Stockmann plc is divided into Series A and
Series B shares. Series A shares carry ten votes and Series B
shares one vote. The par value of both series of shares is EUR 2.00
and the shares of both series entitle their holders to an equal
dividend. The shares are in the book-entry system and they are
traded on the Helsinki exchange. The trading code of the Series A
share is STCAS and that of the Series B share is STCBV.
What is the difference between Series A and B shares?
Series A shares carry ten votes and Series B shares one vote.
The par value of both series of shares is EUR 2.00 and the shares
of both series entitle their holders to an equal dividend.
Where is the Stockmann share quoted?
Stockmann plc’s shares are quoted on the Helsinki exchange
under the “Consumer Discretionary” sector. Stockmann listed on the
Helsinki exchange in 1942.
How are share certificates converted to book-entries?
Nordea Bank plc handles all conversions of share certificates
to book-entries.
Why is it worth it to convert share certificates to
book-entries?
Shareholders should convert share certificates to book-entries
to ensure that they receive dividends. Dividends are paid to the
shareholder’s account only for book-entry shares. When share
certificates are converted to book-entries, the shareholder will be
paid dividends for the three (3) previous years as one sum.
According to the Act on prescription of debt, dividends older than
three years are deemed to have expired.
Can a Series A share be converted to a Series B share or vice
versa?
In most cases, the easiest way to do so is for the shareholder
to sell his shares on the stock exchange and then replace them by
purchasing shares of the other series. According to the Articles of
Association, Series A shares can be converted to Series B shares.
In such cases, the shareholder must submit a share conversion
application in writing to the company’s Board of Directors. The
Board of Directors must process such applications within three
months of submission. A fee will be charged from the shareholder
for the conversion, as decided on by the Board of Directors; in
practice, the fee covers the costs incurred by the company for the
conversion.
According to the Articles of Association, Series B shares cannot be
converted to Series A shares.
How much does Stockman pay as dividends?
Stockmann’s Board of Directors has set the dividend payout
target at a minimum of half of the earnings derived from the
company’s ordinary operations. The financing required to grow
operations is nevertheless taken into account in determining the
dividend.
For the 2009 financial year, the dividend was EUR 0.72 per share, representing 87.8 per cent of earnings per share. The dividend was paid on 7 April 2010 to those shareholders who on the record date for the dividend payout, 19 March 2010, were entered in the shareholder register kept by Euroclear Finland Ltd.
How do I change the account number for the dividend
payment?
We kindly request you to inform the bank or to Eurolear Finland
Ltd in accordance with the place where the shareholder's book-entry
account is kept.
If my address changes, how should I update my information in
Stockmann’s shareholder register?
New address information is not transferred into Stockmann’s
shareholder register through sources such as the Loyal Customer
Service or the Population Register. If your address or other
personal information changes, we kindly request you to inform the
bank branch where your book-entry account is held. If the account
is at Eurolear Finland Ltd, send a written notification to:
Eurolear Finland Ltd
Asiakastilipalvelut (Customer Account Services)
P.O. Box 1110
00101 Helsinki, Finland
E-mail: 
Fax: +358 20 770 6656
The notification of changes should indicate the name of the
shareholder, the new address as well as the old address or
book-entry account number, which will help to identify him.
Eurolear Finland Ltd has a customer helpline that serves from 9 am
to 4 pm on weekdays. The number is +358 800 180 500.
If you have ordered a printed copy of Stockmann’s Annual Report
or Interim Report, please also inform Stockmann’s Corporate
Communications by phone
+358 9 121 3089 or by e-mail 
.
Share options
How can I get Loyal Customer share options?
Loyal Customer share options 2006
The Annual General Meeting held on 21 March 2006
approved the Board of Directors’ proposal on granting share options
to Stockmann’ s Loyal Customers. In accordance with the resolution
of the Annual General Meeting, a total maximum of 2 500 000 share
options will be granted to Stockmann’s Loyal Customers without
consideration. The share options will be granted to Loyal Customers
whose purchases during 1 January 2006 – 31 December 2007, together
with purchases made on parallel cards for the same account are at
least EUR 6 000 in total amount. For purchases of at least EUR 6
000, a Loyal Customer will receive 20 share options without
consideration. In addition, for each full 500 euros by which the
purchases exceed EUR 6 000, the Loyal Customer will receive an
additional two share options. The Loyal Customer purchases made by
31 December 2007, entitle to subscribe for a total of 1 998 840
options. Each share option entitles its holder to subscribe for one
of the company’s Series B shares.
The subscription price is the volume-weighted average price of
the Series B share on the Helsinki exchange during the period 1
February – 28 February 2006, or EUR 33.35. The subscription price
of a share to be subscribed for with the share options will be
lowered by the amount of Stockmann plc dividends paid after the end
of the determination period for the share price, counting from the
record date up to the date of the share subscription. In the spring
2008, a total of 1 373 846 Stockmann plc’s Loyal Customer share
options were subscribed. During the share subscription period in
2008, a total of 364 Stockmann plc Series B shares with a par value
of EUR 2.00 were subscribed. During the share subscription period
in 2009 no shares were subscribed. During the share subscription
period in 2010, a total of 52 047 Stockmann plc Series B
shares with a par value of EUR 2.00 were subscribed.
Read the release dated on 30 June 2010
Loyal Customer share options 2008
The Annual General Meeting held on 18 March 2008 approved the Board
of Directors’ proposal on granting share options to Stockmann’ s
Loyal Customers. In accordance with the resolution of the Annual
General Meeting, a total maximum of 2 500 000 share options will be
granted to Stockmann’s Loyal Customers without consideration. The
share options will be granted to Loyal Customers whose purchases
during 1 January 2008 – 31 December 2009, together with purchases
made on parallel cards for the same account are at least EUR 6 000
in total amount. For purchases of at least EUR 6 000, a Loyal
Customer will receive 20 share options without consideration. In
addition, for each full 500 euros by which the purchases exceed EUR
6 000, the Loyal Customer will receive an additional two share
options. Each share option entitles its holder to subscribe for one
of the company’s Series B shares.
In accordance with the resolution of the Annual General Meeting on 17 March 2009, the subscription price is the volume-weighted average price of the Series B share on the Helsinki exchange during the period 1 February – 28 February 2009, or EUR 11.28. The subscription price of a share to be subscribed for with the share options will be lowered by the amount of Stockmann plc dividends paid after the end of the determination period for the share price, counting from the record date up to the date of the share subscription. The subscription periods for the shares are in May in the years 2011 and 2012. The subscription price after the rights issue of 2009 and the dividend payout proposed by the Board of Directors for the 2009 financial year is EUR 9.61.
Options are earned by making purchases that are paid for with a
Stockmann account card, in cash, with a bank debit card or a Visa
Electron/Maestro card. A Loyal Customer card must be registered
when making a purchase.
How can I find out my amount of purchases that earn Loyal Customer
share options?
If you have an account card, your share option balance is shown
in the upper right corner of the account statement that is mailed
to you. Cash card holders can find out their accumulated share
option balance by calling our Loyal Customer Service. The Company
sent in February 2010 each loyal customer entitled to share options
a letter, in which the maximum number of share options granted to
the loyal customer is stated. In addition to the details of the
loyal customer card holder, the letter includes information on the
holders of parallel cards directed to the same account as on 31
December 2009 and the amount of their purchases affecting the
issuance of share options.
Where can I get more information on Stockmann’s share options for
Loyal Customers?
For more information on the share options for Loyal Customers,
see Stockmann’s Internet site: http://www.stockmann.fi/portal/fi/kanta-asiakkuus/kanta-asiakasedut/optiot/optiokertyma/
(in Finnish only).
Annual General Meeting
When is Stockmann’s Annual General Meeting held?
Stockmann plc's Annual General Meeting 2010 was held on 16 March
2010 in Helsinki, Finland.
More
information on Annual General Meeting
Where will the Notice of Meeting be published?
According to the Articles of Association, the Notice of Meeting
must be printed in a newspaper published in the Helsinki area, as
decided on by the Board of Directors. It is customary to publish
the Notice of Meeting in the Helsingin Sanomat and
Hufvudstadsbladet newspapers. The Notice of Meeting is also
posted on the company’s Internet site and published as a Stock
Exchange release.
Who has the right to participate in the Annual General
Meeting?
Shareholders who have been registered as shareholders in the
company’s shareholder list ten days before the Annual General
Meeting have the right to participate in the meeting. In addition,
a nominee-registered shareholder can be temporarily entered into
the shareholder list no later than ten days before a Annual General
Meeting in order to give him the right to participate in the
meeting. According to the Articles of Association, a shareholder
who is entered in the shareholder list must notify the company of
his intention to attend the Annual General Meeting, as set forth in
the Notice of Meeting, in order to have the right to participate in
it.
A shareholder shall have the right to have a matter which falls under the jurisdiction of the Annual General Meeting handled at a General Meeting of the Shareholders if he presents a written request therefore to the Board of Directors early enough for the matter to be included in the notice to convene the meeting.
General
What is Stockmann's Company Register number?
Stockmann's Company Register number is 0114162-2.
Where can I get information on Stockmann as an investment?
As a listed company, Stockmann cannot advise investors.
Information on Stockmann as an investment is provided on the
Investors section of the company’s Internet site, http://www.stockmann.com/group/english/investors/analysts/,
which also presents a list of analysts that follow Stockmann on
their own initiative. Stockmann does not assume responsibility for
analysts’ assessments. Information is also provided on OMX’s
Internet site under the section entitled “The market”.
What is Stockmann’s credit rating?
Stockmann has not applied for a credit rating from any credit
rating institution, as this has not been necessary to arrange
Stockmann’s independent funding.
What is Stockmann’s financial year?
In accordance with Stockmann’s Articles of Association, the
company’s financial year is the calendar year.
Who is Stockmann’s auditor?
Pursuant to Stockmann’s Articles of Association, the company
shall have a minimum of one and a maximum of three auditors and
they shall have a minimum of one and a maximum of three deputies.
Insofar as the auditor is a firm of auditors authorized by the
Central Chamber of Commerce, a deputy auditor need not be elected.
The term of office of the auditors shall begin from the Annual
General Meeting at which they were elected and end at the close of
the next Annual General Meeting. The Annual General Meeting held on
16 March 2010 elected Henrik Holmbom, Authorized Public Accountant,
and Jari Härmälä, Authorized Public Accountant, as the company’s
auditors. KPMG Oy Ab acts as the deputy auditor.
Where can I find information on Stockmann MasterCard?
Information on Stockmann MastrCard is provided on the company’s
Internet site
http://www.stockmann.fi/portal/en/loyal_customers/stockmann_mastercard/
How can I order a copy of Stockmann’s Annual Report?
Stockmann’s Annual Report can be ordered from the company’s
site at
http://www.stockmann.com/group/en/releases_and_publications/annual_reports/order_a_printed_copy/
or from Stockmann’s Corporate Communications:
Stockmann, Corporate Communications
P.O. Box 70, 00621 Helsinki, Finland
Tel. +358 9 121 3089
Fax +358 9 121 3153