Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of Société Générale S.A. in Neste Corporation exceeded 5%
Neste Corporation, Stock Exchange Release, 12 October 2020 at 6 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, the holdings of Société Générale S.A. in Neste Corporation have on 8 October 2020 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 Société Générale S.A. in Neste Corporation on 8 October 2020 amounted to a total of 39,644,533 shares, corresponding to approximately 5.15% 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.
6. Total positions of person(s) subject to 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 | 1.05 | 4.10 | 5.15 |
| Position at previous notification | - | - | - |
7. 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 | 8,061,857 | 1.05 | ||
| Subtotal A | 8,061,857 | 1.05 | ||
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 |
| Right to recall lent securities | N/A | N/A | Physical | 3,274,475 | 0.43 |
| OTC Call Option on Basket | 03/01/2033 | Until 03/01/2033 | Cash | 1,281,098 | 0.17 |
| OTC Call Option on Basket | 21/01/2033 | Until 21/01/2033 | Cash | 4,404,208 | 0.57 |
| Certificate | 03/01/2033 | Until 03/01/2033 | Cash | 536,537 | 0.07 |
| Contract For Difference | N/A | N/A | Cash | 2,100 | 0.00 |
| Equity Linked Swap | 27/10/2020 | 27/10/2020 | Cash | 5,500,000 | 0.72 |
| Equity Linked Swap | 28/10/2020 | 28/10/2020 | Cash | 3,000,000 | 0.39 |
| Euro Medium Term Note | 17/05/2024 | 17/05/2024 | Cash | 4,408 | 0.00 |
| OTC Call Option | 03/01/2025 | Until 03/01/2025 | Cash | 300,301 | 0.04 |
| OTC Call Option | 03/01/2033 | Until 03/01/2033 | Cash | 500,000 | 0.07 |
| OTC Call Option | 20/11/2020 | 20/11/2020 | Cash | 26,401 | 0.00 |
| OTC Call Option | 27/11/2020 | 27/11/2020 | Cash | 4,453 | 0.00 |
| OTC Call Option | 11/12/2020 | 11/12/2020 | Cash | 8,595 | 0.00 |
| OTC Call Option | 18/12/2020 | 18/12/2020 | Cash | 1,252,110 | 0.16 |
| OTC Put Option | 03/01/2033 | Until 03/01/2033 | Cash | 400,000 | 0.05 |
| OTC Put Option | 20/11/2020 | 20/11/2020 | Cash | 39,374 | 0.01 |
| OTC Put Option | 18/12/2020 | 18/12/2020 | Cash | 1,425,021 | 0.19 |
| Listed Call Warrant | 03/01/2025 | Until 03/01/2025 | Cash | 300,000 | 0.04 |
| Listed Call Warrant | 03/01/2033 | Until 03/01/2033 | Cash | 1,776,716 | 0.23 |
| Listed Call Warrant | 21/01/2033 | Until 21/01/2033 | Cash | 4,403,973 | 0.57 |
| Listed Call Warrant | 20/11/2020 | 20/11/2020 | Cash | 26,401 | 0.00 |
| Listed Call Warrant | 18/12/2020 | 18/12/2020 | Cash | 1,252,110 | 0.16 |
| Listed Put Warrant | 03/01/2033 | Until 03/01/2033 | Cash | 400,000 | 0.05 |
| Listed Put Warrant | 20/11/2020 | 20/11/2020 | Cash | 39,374 | 0.01 |
| Listed Put Warrant | 18/12/2020 | 18/12/2020 | Cash | 1,425,021 | 0.19 |
| Subtotal B | 31,582,676 | 4.10 |
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, % |
| Société Générale S.A. | 1.05 | 2.85 | 3.90 |
| Société Générale Effekten Gmbh | 0.00 | 1.21 | 1.21 |
| SG issuer | 0.00 | 0.04 | 0.04 |
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 2019, Neste's revenue stood at EUR 15.8 billion, with 82% of the company’s comparable operating profit coming from renewable products. Read more: neste.com