Neste Corporation's disposal of own shares based on the share ownership plan
Neste Corporation, Stock Exchange Release, 15 March 2021 at 12:30 p.m. (EET)
A total of 132,756 treasury shares of Neste Corporation has on 15 March 2021 been conveyed without consideration to the key persons participating in the earning period 2018-2020 of the share-based incentive program 2016 according to 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 105 people are in the target group of the payment from the plan.
After the aforementioned share transfer implemented on 15 March 2021, the company holds 1,241,662 own shares.
Neste Corporation has announced the share-based incentive program on 15 December 2015 and the aforementioned decision on the transfer of own shares on 4 February 2021.
Neste Corporation
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 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
