Frequently Asked Questions
Frequently Asked Questions about Stockmann's shares, share options, Annual General Meeting and other investor relations topics.
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 Services" 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 Stockmann 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. According to the desicion of the AGM no dividend was paid for the financial year 2015.
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
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 50 389 0011 or by e-mail firstname.lastname@example.org.
What are Loyal Customer share options?
Stockmann's Annual General Meeting held on 15 March 2012 decided that share options be issued, in deviation from the shareholders' pre-emptive rights, to the Loyal Customers of Stockmann. The exercise periods for the share options were 2 - 31 May 2014 and 2 - 31 May 2015. Read more about the Loyal Customer share options
How can I find out my amount of purchases that earn Loyal Customer share options?
You can check your balance by visiting the Loyal Customer service in the department stores, by calling the Loyal Customer service or by sending e-mail to the address email@example.com.
What is Stockmann's Company Register number?
Stockmann's Company Register number is 0114162-2.
What is Stockmann's LEI-code (Legal Entity Identifier)?
Stockmann's global LEI-code is 743 700 IFQI6W 89M 1IY95.
What is Stockmann's invoicing address?
The Stockmann Group's invoicing address is as follows:
00381 Helsinki, Finland
Please state order number/name/department as a reference (NOTE! Not in the address field).
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, 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 Nasdaq OMX's Internet site.
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 15 March 2016 elected Henrik Holmbom, Authorized Public Accountant, and Marcus Tötterman, 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 MasterCard is provided on the company's Internet site stockmann.com
How can I order a copy of Stockmann's Annual Report?
Stockmann's Annual Report can be ordered from the company's site or from Stockmann's Corporate Communications:
Stockmann, Corporate Communications
Takomotie 1-3 (P.O.Box 147)
00381 Helsinki, Finland
+358 50 389 0011