The shares issued in Neste’s share issue without payment entered in trade register
Neste Corporation Stock Exchange Release 4 April 2019 at 8 am (EET)
A total of 512,807,372 new shares issued in the share issue without payment (so called split) decided upon in Neste Corporation’s Annual General Meeting on 2 April 2019 have today been entered in the trade register. The objective of the share issue without payment is to enhance the liquidity of the Company’s share. In the share issue without payment, new shares are issued to the shareholders without payment in proportion to their holdings so that 2 new shares are issued for each share. In addition, in the share issue without payment, new shares are similarly issued without payment to the Company on the basis of treasury shares held by the Company. The total number of Neste Corporation’s shares after the share issue without payment is 769,211,058 shares.
The new shares generate shareholder rights as of 4 April 2019. The share issue without payment will be executed in the book-entry system and does not require any actions by the shareholders. The registration of the new shares in the shareholders’ book-entry accounts, as well as initiation of public trading on Helsinki Stock Exchange, are planned to occur on 5 April 2019.
The new shares issued in the share issue without payment do not entitle their holders to the first instalment of the dividend as decided by the Annual General Meeting of Neste Corporation held on 2 April 2019, but they will entitle to the second instalment of the dividend as decided by the Annual General Meeting.
All shares of Neste Corporation will give equal shareholder rights also in the future, and Neste Corporation’s ISIN code (FI0009013296) and trading symbol (NESTE) will remain unchanged also after the share issue without payment.
Director, Corporate Communications and Brand Marketing
Further information: Christian Ståhlberg, General Counsel, tel. +358 10 4584251
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