Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: direct and indirect holdings of BlackRock in Neste Corporation decreased below 5%
July 26, 2021 at 12:31 pm EDT
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Neste Corporation, Stock Exchange Release, 26 July 2021 at 7.30 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 direct and indirect holdings of the entities referred to therein in Neste Corporation have on 23 July 2021 decreased below 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 23 July 2021 amounted to a total of 38,679,098 shares, corresponding to approximately 5.02% 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:
% 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
4.96
0.05
5.02
Position at previous notification
5.00
0.05
5.06
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
38,222,681
4.96
Subtotal A
38,222,681
4.96
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
American Depositary Receipt (US64104Y1064)
N/A
N/A
Physical
2,951
0.00
Securities Lent
N/A
N/A
Physical
411,496
0.05
CFD
N/A
N/A
Cash
41,970
0.00
Subtotal B
456,417
0.05
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
BlackRock Institutional Trust Company, National Association
Below 5
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Fund Advisors
Below 5
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
Below 5
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock (Singapore) Holdco Pte. Ltd.
BlackRock HK Holdco Limited
BlackRock Asset Management North Asia Limited
Below 5
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC
BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco Limited
BlackRock Cayman West Bay IV Limited
BlackRock Group Limited
BlackRock Finance Europe Limited
BlackRock (Netherlands) B.V.
BlackRock Asset Management Deutschland AG
Below 5
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC
BlackRock Canada Holdings LP
BlackRock Canada Holdings ULC
BlackRock Asset Management Canada Limited
Below 5
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC
Below 5
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC
BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco Limited
BlackRock Cayman West Bay IV Limited
BlackRock Group Limited
BlackRock Finance Europe Limited
BlackRock Advisors (UK) Limited
Below 5
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock (Singapore) Holdco Pte. Ltd.
BlackRock (Singapore) Limited
Below 5
BlackRock, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
Amethyst Intermediate, LLC
Aperio Holdings, LLC
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
Neste Oyj specializes in oil product refining and distribution. Net sales break down by activity as follows:
- production and sale of petroleum products (41.7%): fuels, fuel oils, heavy fuel oils, lubricants, solvents, liquefied petroleum gases and bitumen;
- production of renewable fuels (35.8%): owns 3 refineries located in Finland, Singapore and the Netherlands;
- distribution of oil products to end-users (22.3%): owns, at the end of 2023, a network of 948 service stations located in Finland (722), Estonia, Latvia and Lithuania (226);
- other (0.2%).
Net sales are distributed geographically as follows: Finland (28.4%), Nordic countries (14.3%), Baltic countries (7.5%), Europe (20.8%), Americas (28.1%) and other (0.9%).
Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: direct and indirect holdings of BlackRock in Neste Corporation decreased below 5%