Investors ·
Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: direct and indirect holdings of BlackRock in Neste Corporation exceeded 5%
Neste Corporation, Stock Exchange Release, 8 August 2024 at 1 p.m. (EET)
Neste Corporation has yesterday received a notification under Chapter 9, Section 10 of the Finnish Securities Market Act (FSMA). According to the notification by BlackRock, Inc., the aggregate direct and indirect holdings of the entities referred to therein in Neste Corporation have on 6 August 2024 exceeded 5% of the total number of shares and voting rights of Neste Corporation.
According to the notification received by Neste Corporation, the aggregate holdings of BlackRock in Neste Corporation on 6 August 2024 amounted to a total of 38,940,450 shares, corresponding to approximately 5.06% 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:
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
B: Financial Instruments according to FSMA 9:6a
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:
Neste Corporation
Hanna Maula
Vice President, Communications and Brand
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). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.
Neste in brief
Neste (NESTE, Nasdaq Helsinki) uses science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials. The company creates solutions for combating climate change and accelerating a shift to a circular economy. Being the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, the company aims to help 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. 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 CDP and the Global 100 lists of the world’s most sustainable companies. In 2023, Neste's revenue stood at EUR 22.9 billion. Read more: neste.com