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    NESTE   FI0009013296


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of BlackRock in Neste Corporation exceeded 5%

03/09/2021 | 02:31pm EDT

Neste Corporation, Stock Exchange Release, 9 March 2021 at 9.30 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 holdings of the entities referred to therein in Neste Corporation have on 8 March 2021 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 BlackRock in Neste Corporation on 8 March 2021 amounted to a total of 38,480,354 shares, corresponding to approximately 5.00% 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 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 4.98 0.01 5.00
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 38,336,734 4.98
Subtotal A 38,336,734 4.98

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
American Depositary Receipt (US64104Y1064) N/A N/A Physical 2,551 0.00
Securities Lent N/A N/A Physical 88,392 0.01
CFD N/A N/A Cash 52,677 0.00
Subtotal B 143,620 0.01

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:  


% of shares and voting rights  % of shares and voting rights through financial instruments Total of both, %
BlackRock Japan Co., Ltd. Below 5
BlackRock Investment Management, LLC Below 5
BlackRock Investment Management (UK) Limited Below 5
BlackRock Investment Management (Australia) Limited Below 5
BlackRock International Limited Below 5
BlackRock Institutional Trust Company, National Association Below 5
BlackRock Fund Advisors Below 5
BlackRock Financial Management, Inc. Below 5
BlackRock Asset Management North Asia Limited Below 5
BlackRock Asset Management Deutschland AG Below 5
BlackRock Asset Management Canada Limited Below 5
BlackRock Advisors, LLC Below 5
BlackRock Advisors (UK) Limited Below 5
BlackRock (Singapore) Limited Below 5
BlackRock (Netherlands) B.V. Below 5
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


(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
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Sales 2021 12 812 M 15 256 M 15 256 M
Net income 2021 1 240 M 1 476 M 1 476 M
Net Debt 2021 177 M 211 M 211 M
P/E ratio 2021 32,8x
Yield 2021 1,52%
Capitalization 40 134 M 47 813 M 47 791 M
EV / Sales 2021 3,15x
EV / Sales 2022 2,87x
Nbr of Employees 4 780
Free-Float 53,6%
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Mean consensus HOLD
Number of Analysts 21
Average target price 55,88 €
Last Close Price 52,26 €
Spread / Highest target 43,5%
Spread / Average Target 6,93%
Spread / Lowest Target -31,1%
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Peter Vanacker President & Chief Executive Officer
Jyrki Mikael Mäki-Kala CFO, Head-Information Technology & Strategy
Matti Kähkönen Chairman
Lars Peter Lindfors Senior Vice President-Innovation
Willem Jan Antoon Schoeber Independent Non-Executive Director
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