Neste’s Board of Directors changes its dividend proposal
Neste Corporation, Stock Exchange Release, Insider Information, 24 April 2020 at 9.00 (EET)
The Board of Directors of Neste Corporation has decided to convene the Annual General Meeting (AGM) to be held on 18 May 2020. The notice convening the AGM will be published separately.
As communicated earlier, Neste decided to postpone its AGM originally scheduled for 7 April 2020 based on the development of the COVID-19 situation and the announcements by the Finnish Government to limit public gatherings. Due to the unprecedented uncertainty related to the COVID-19 pandemic and its future impacts on Neste’s business, the Board has decided to change its dividend proposal to the AGM.
The Board proposes to the AGM that the originally proposed first dividend installment, EUR 0.46 per share, would be paid on 28 May 2020. In addition, the Board proposes that the AGM would authorize the Board to decide, in its discretion, on the payment of a second dividend installment in a maximum amount of EUR 0.56 per share, consisting of ordinary dividend of EUR 0.46 per share and extraordinary dividend of EUR 0.10 per share.
This authorization would be valid until 30 October 2020 and would enable decision-making when it is possible to make a more reliable estimate on the impacts of the COVID-19 pandemic on Neste’s financials. The Board expects to decide upon the possible payment of a second installment of the dividend on 22 October 2020.
Vice President, Communications (act.)
For more information, please contact: Neste’s media service, tel. +358 50 458 5076 / firstname.lastname@example.org (weekdays between 8.30 a.m. and 4.00 p.m. EET).
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 2019, Neste's revenue stood at EUR 15.8 billion. In 2020, Neste placed 3rd on the Global 100 list of the most sustainable companies in the world. Read more: neste.com