14 October 2020

Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: holdings of Société Générale S.A. in Neste Corporation decreased below 5%

Published in Releases and news

Neste Corporation, Stock Exchange Release, 14 October 2020 at 7 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, the holdings of Société Générale S.A. in Neste Corporation have on 13 October 2020 decreased below 5% of the total number of shares and voting rights of Neste Corporation.

According to the notification received by Neste Corporation, the holdings of Société Générale S.A. in Neste Corporation on 13 October 2020 amounted to a total of 33,970,199 shares, corresponding to approximately 4.42% 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.

6. Total positions of person(s) subject to 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 0.25 4.17 4.42
Position at previous notification 1.05 4.10 5.15



7. 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 1,936,633 0.25
Subtotal A 1,936,633 0.25

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
Right to recall lent securities N/A N/A Physical 2,569,597 0.33
OTC Call Option on Basket 03/01/2033 Until 03/01/2033 Cash 1,467,777 0.19
OTC Call Option on Basket 21/01/2033 Until 21/01/2033 Cash 4,580,694 0.60
Certificate 03/01/2033 Until 03/01/2033 Cash 578,187 0.07
Contract For Difference N/A N/A Cash 3,101 0.00
Equity Linked Swap 27/10/2020 27/10/2020 Cash 5,500,000 0.72
Equity Linked Swap 28/10/2020 28/10/2020 Cash 3,000,000 0.39
Euro Medium Term Note 17/05/2024 17/05/2024 Cash 4,405 0.00
OTC Call Option 03/01/2025 Until 03/01/2025 Cash 300,301 0.04
OTC Call Option 03/01/2033 Until 03/01/2033 Cash 500,000 0.07
OTC Call Option 20/11/2020 20/11/2020 Cash 33,469 0.00
OTC Call Option 27/11/2020 27/11/2020 Cash 4,689 0.00
OTC Call Option 11/12/2020 11/12/2020 Cash 9,259 0.00
OTC Call Option 18/12/2020 18/12/2020 Cash 1,454,397 0.19
OTC Put Option 03/01/2033 Until 03/01/2033 Cash 400,000 0.05
OTC Put Option 20/11/2020 20/11/2020 Cash 29,913 0.00
OTC Put Option 18/12/2020 18/12/2020 Cash 1,417,039 0.18
Listed Call Warrant 03/01/2025 Until 03/01/2025 Cash 300,000 0.04
Listed Call Warrant 03/01/2033 Until 03/01/2033 Cash 1,965,470 0.26
Listed Call Warrant 21/01/2033 Until 21/01/2033 Cash 4,580,450 0.60
Listed Call Warrant 20/11/2020 20/11/2020 Cash 33,469 0.00
Listed Call Warrant 18/12/2020 18/12/2020 Cash 1,454,397 0.19
Listed Put Warrant 03/01/2033 Until 03/01/2033 Cash 400,000 0.05
Listed Put Warrant 20/11/2020 20/11/2020 Cash 29,913 0.00
Listed Put Warrant 18/12/2020 18/12/2020 Cash 1,417,039 0.18
Subtotal B 32,033,566 4.17

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, %
Société Générale S.A. 0.59 2.51 3.10
Société Générale Effekten Gmbh 0.00 1.28 1.28
SG issuer 0.00 0.04 0.04

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 2019, Neste's revenue stood at EUR 15.8 billion, with 82% of the company’s comparable operating profit coming from renewable products. Read more: neste.com