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    NESTE   FI0009013296

NESTE OYJ

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

07/21/2021 | 10:31am EDT

Neste Corporation, Stock Exchange Release, 21 July 2021 at 5.30 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 20 July 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 20 July 2021 amounted to a total of 38,509,054 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 4.95 0.05 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 38,099,556 4.95
Subtotal A 38,099,556 4.95
  

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 2,951 0.00
Securities Lent N/A N/A Physical 329,084 0.04
CFD N/A N/A Cash 77,463 0.01
Subtotal B 409,498 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  Total of both, %
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 Lux Finco S.a.r.l.
BlackRock Japan Holdings GK
BlackRock Japan Co., Ltd. Below 5
BlackRock, Inc.
Trident Merger, LLC
BlackRock Investment Management, 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 Investment Management (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 Australia Holdco Pty. Ltd.
BlackRock Investment Management (Australia) 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 International Limited 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 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.
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

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

https://news.cision.com/neste/r/notification-under-chapter-9--section-10-of-the-finnish-securities-market-act--holdings-of-blackrock,c3387977

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

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Financials
Sales 2021 13 672 M 16 097 M 16 097 M
Net income 2021 1 357 M 1 597 M 1 597 M
Net Debt 2021 147 M 173 M 173 M
P/E ratio 2021 29,7x
Yield 2021 1,48%
Capitalization 40 042 M 47 108 M 47 141 M
EV / Sales 2021 2,94x
EV / Sales 2022 2,50x
Nbr of Employees 5 137
Free-Float 53,6%
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Technical analysis trends NESTE OYJ
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 52,14 €
Average target price 57,55 €
Spread / Average Target 10,4%
EPS Revisions
Managers and Directors
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
Jean-Baptiste Renard Independent Non-Executive Director
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