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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 decreased below 5%

09/22/2021 | 12:31pm EST

Neste Corporation, Stock Exchange Release, 22 September 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 holdings of the entities referred to therein in Neste Corporation have on 21 September 2021 decreased below 5% 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 Below 5 Below 5 Below 5
Position at previous notification 5.00 0.03 5.04

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 Below 5% Below 5
Subtotal A Below 5% Below 5

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 Below 5% Below 5
Securities Lent N/A N/A Physical Below 5% Below 5
CFD N/A N/A Cash Below 5% Below 5
Subtotal B Below 5% Below 5

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.
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

Further information: Please contact Neste's media service, tel. +358 50 458 5076 / media@neste.com (weekdays from 8:30 a.m. to 4:00 p.m. EET). 
 

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,c3419956

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

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NESTE OYJ -1.86% 44.35 Delayed Quote.4.22%
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Financials
Sales 2021 14 061 M 16 027 M 16 027 M
Net income 2021 1 600 M 1 824 M 1 824 M
Net Debt 2021 109 M 124 M 124 M
P/E ratio 2021 21,6x
Yield 2021 1,81%
Capitalization 34 059 M 38 854 M 38 823 M
EV / Sales 2021 2,43x
EV / Sales 2022 2,16x
Nbr of Employees 4 807
Free-Float 53,4%
Chart NESTE OYJ
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Neste Oyj Technical Analysis Chart | NESTE | FI0009013296 | MarketScreener
Technical analysis trends NESTE OYJ
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Last Close Price 44,35 €
Average target price 55,43 €
Spread / Average Target 25,0%
EPS Revisions
Managers and Directors
Peter Vanacker President & Chief Executive Officer
Jyrki Mikael Mńki-Kala CFO, Head-Information Technology & Strategy
Matti Kńhk÷nen Chairman
Lars Peter Lindfors Senior Vice President-Innovation
Jean-Baptiste Renard Independent Non-Executive Director
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