Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: aggregate holdings of the Finnish Climate Fund (Ilmastorahasto Oy) in Neste Corporation decreased below 5%
Neste Corporation, Stock Exchange Release, 26 September 2023 at 14.30 p.m. (EET)
Neste Corporation has today received a notification under Chapter 9, Section 10 of the Finnish Securities Market Act (FSMA). According to the notification by the Finnish Climate Fund (Ilmastorahasto Oy), the holding of the entity referred to therein in Neste Corporation has on 22 September 2023 decreased below 5% of the total number of shares and voting rights of Neste Corporation.
The share stock of Neste Corporation consists of 769,211,058 shares, each entitling to one vote.
Total positions of entities referred to in the notification:
| % of shares and voting rights (A) | % of shares and voting rights through financial instruments (B) | Total % of shares and voting rights (A+B) | |
| Proportion after reaching or exceeding the flagging threshold | 0 | 0 | |
| Position at previous notification | 8.31 | 8.31 |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
| Share class/type (ISIN) | Number of shares and voting rights | % of shares and voting rights | ||
| Direct (FSMA 9:5) | Indirect (FSMA 9:6 and 9:7) | Direct (FSMA 9:5) | Indirect (FSMA 9:6 and 9:7) | |
| FI0009013296 | 0 | 0 | ||
| Subtotal A | 0 | 0 | ||
B: Financial Instruments according to FSMA 9:6a
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| Subtotal B |
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
|
Name |
% of shares and voting rights |
% of shares and voting rights through financial instruments |
Total of both, % |
|---|---|---|---|
|
Prime minister’s office of Finland |
44.22 |
340,107,618 |
|
|
Ministry of Economic Affairs and Employment of Finland |
Below 5 |
0 |
|
|
The Finnish Climate Fund (Ilmastorahasto Oy) |
Below 5 |
0 |
Neste Corporation
Susanna Sieppi
Vice President, Communications
Further information: Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET).
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.
As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com