Neste Corporation's disposal of own shares based on the Performance Share Plan
Neste Corporation, Stock Exchange Release, 23 September 2019 at 2 pm. (EET)
Neste Corporation has on 23 September 2019 conveyed 25 429 own shares held by the company as a share reward without consideration to the President and CEO, Peter Vanacker, based on the terms and conditions of the Share Ownership Plan 2016.
The conveyance of own shares is based on a decision of the Board of Directors of Neste Corporation which was made based on an authorization for the conveyance of own shares granted by the Annual General Meeting of Shareholders on 5 April 2018.
After the aforementioned conveyance of own shares, the number of treasury shares held by the company is 1 527 458 shares.
Neste Corporation has informed about the Performance Share Plan 2016 in a stock exchange release on 15 December 2015 and about the aforementioned decision on the conveyance of own shares in a stock exchange release on 5 February 2019. Taking into account the conveyance of own share announced with this release and the previous conveyance of own shares announced on 15 March 2019, the aggregate number of own shares conveyed based on the aforementioned decision is 193 528 shares (after adjustment for the share split decided by the Annual General Meeting of Shareholders on 2 April 2019).
Board of Directors
For more information: Hannele Jakosuo-Jansson, Senior Vice President, Human Resources, HSSEQ and Procurement. Please contact Neste’s media service, tel. +358 50 458 5076 / email@example.com (open on weekdays from 8.30 am to 4.00 pm EET)
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2018, Neste's revenue stood at EUR 14.9 billion. In 2019, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com