Neste Corporation: Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of Vake Oy in Neste Corporation above 5%
Neste Corporation, Stock Exchange Release, 5 December 2018 at 2 pm. (EET)
Neste Corporation has on 5 December 2018 received a notification under Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which notification the total holding of Valtion kehitysyhtiö Vake Oy (State Business Development Company) of the shares and votes of Neste Corporation has risen above the threshold of 5%.
Target company: Neste Corporation, Business Identity Code: 1852302-9
Date of change in holding: 5 December 2018
The State of Finland has today on 5 December 2018 transferred as an equity contribution-in-kind 21,298,041 shares in Neste Corporation to Valtion kehitysyhtiö Vake Oy (Business Identity Code 2777483-1).The shares represent 8.31% of the aggregate amount of shares and votes of Neste Corporation. To Neste Corporation’s knowledge, Valtion kehitysyhtiö Vake Oy is 100% controlled by the State of Finland.
The current aggregate holding of the State of Finland after the transfer is 93,438,038 shares which represent 36.44% of the aggregate amount of shares and votes of Neste Corporation.The registered number of shares of Neste Corporation is 256,403,686, which entitle to the same amount of votes.
Director, Corporate Communications and Brand Marketing
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable solutions for transport, business, and consumer needs. Our wide range of renewable products enable our customers to reduce climate emissions. We are the world's largest producer of renewable diesel refined from waste and residues, introducing renewable solutions also to the aviation and plastics industries. We are also a technologically advanced refiner of high-quality oil products. We want to be a reliable partner with widely valued expertise, research, and sustainable operations. In 2017, Neste's revenue stood at EUR 13.2 billion. In 2018, Neste placed 2nd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com