STOCKHOLM, Sweden, March 05, 2002 (PRIMEZONE) -- In its capacity as principal owner of Billerud AB, Stora Enso has issued a total of 300,000 stock options to nine members of Billerud's management group.
The options, which have a term of five years, entitle the holder after three years to purchase one share in Billerud AB from Stora Enso for SEK 87 per share, provided he or she is still employed at Billerud. The exercise price was based on the share price on the day after Billerud's year-end report, i.e. the price on February 8, 2002, plus 15%. The issue of stock options does not entail any dilution of ownership for other shareholders or any cost to the company.
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