Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of BlackRock in Neste Corporation exceeded 5%
Neste Corporation, Stock Exchange Release, 11 March 2021 at 6.30 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 BlackRock, Inc., the aggregate holdings of the entities referred to therein in Neste Corporation have on 10 March 2021 exceeded 5% of the total number of shares and voting rights of Neste Corporation.
According to the notification received by Neste Corporation, the holdings of BlackRock in Neste Corporation on 10 March 2021 amounted to a total of 38,835,011 shares, corresponding to approximately 5.04% 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 one vote.
Total positions of entities referred to in the notification obligation:
|
% 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 | 5.03 | 0.01 | 5.04 |
| Position at previous notification | 4.98 | 0.01 | 5.00 |
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 | 38,693,829 | 5.03 | ||
| Subtotal A | 38,693,829 | 5.03 | ||
B: Financial Instruments according to SMA 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 |
| American Depositary Receipt (US64104Y1064) | N/A | N/A | Physical | 2,551 | 0.00 |
| Securities Lent | N/A | N/A | Physical | 87,243 | 0.01 |
| CFD | N/A | N/A | Cash | 51,388 | 0.00 |
| Subtotal B | 141,182 | 0.01 |
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, % |
| BlackRock Japan Co., Ltd. | Below 5 | ||
| BlackRock Investment Management, LLC | Below 5 | ||
| BlackRock Investment Management (UK) Limited | Below 5 | ||
| BlackRock Investment Management (Australia) Limited | Below 5 | ||
| BlackRock International Limited | Below 5 | ||
| BlackRock Institutional Trust Company, National Association | Below 5 | ||
| BlackRock Fund Advisors | Below 5 | ||
| BlackRock Financial Management, Inc. | Below 5 | ||
| BlackRock Asset Management North Asia Limited | Below 5 | ||
| BlackRock Asset Management Deutschland AG | Below 5 | ||
| BlackRock Asset Management Canada Limited | Below 5 | ||
| BlackRock Advisors, LLC | Below 5 | ||
| BlackRock Advisors (UK) Limited | Below 5 | ||
| BlackRock (Singapore) Limited | Below 5 | ||
| BlackRock (Netherlands) B.V. | Below 5 | ||
| Aperio Group, LLC | Below 5 |
Neste Corporation
Susanna Sieppi
Vice President, Communications
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2020, Neste's revenue stood at EUR 11.8 billion, with 94% of the company’s comparable operating profit coming from renewable products. Read more: neste.com