Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: direct and indirect holdings of BlackRock in Neste Corporation exceeded 5%
August 08, 2024 at 06:01 am EDT
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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:
% 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
5.04
0.02
5.06
Position at previous notification
Below 5
Below 5
Below 5
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
38,777,773
5.04
Subtotal A
38,777,773
5.04
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
1,546
0.00
Securities Lent
N/A
N/A
Physical
161,131
0.02
Subtotal B
162,677
0.02
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.
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.
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.
Below 5
BlackRock, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
Amethyst Intermediate, LLC
Aperio Holdings, LLC
Aperio Group, LLC
Below 5
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
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 exceeded 5%
NESTE OYJ 
