Neste Corporation's disposal of own shares based on the share ownership plan
Neste Corporation, Stock Exchange Release, 15 March 2022 at 5 p.m. (EET)
A total of 113,774 treasury shares of Neste Corporation has on 15 March 2022 been conveyed without consideration to the key persons participating in the Performance Share Plan 2019-2021 and in the Restricted Share Plan 2019-2021 of the share-based incentive program 2019 in accordance with the terms and conditions of the program.
The decision of the Board of Directors on the share transfer is based on a share issue authorization granted by the Annual General Meeting of Shareholders on 18 May 2020.
A total of 90 persons are in the target group of the payment from the plans.
After the aforementioned share transfer implemented on 15 March 2022, the company holds 1,127,888 own shares.
Neste Corporation has announced the share-based incentive program on 11 December 2018 and the aforementioned decision on the transfer of own shares on 10 February 2022.
Board of Directors
More information: Hannele Jakosuo-Jansson, Senior Vice President, Human Resources, HSSEQ and Procurement, Neste. Please contact Neste's media service, tel. +358 800 94025, firstname.lastname@example.org (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 sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We also have set high standards for biodiversity, human rights and supply chain. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2021, Neste's revenue stood at EUR 15.1 billion. Read more: neste.com