Transfer of Own Shares as a Directed Share Issue Based on Share-Based Incentive Plan

Source: www.gulfoilandgas.com 5/22/2023, Location: Europe

Neste Corporation has on 22 May 2023 transferred 4,267 treasury shares to a key person participating in the Performance Share Plan 2020-2022 and Restricted Share Plan 2020-2022 of Neste Corporation. The shares were transferred as a share reward without consideration in accordance with the terms and conditions of the plans. The plans are part of the share-based incentive scheme 2019 of Neste, announced with a stock exchange release on 11 December 2018 and consisting of separately launched individual plans.

The transfer of own shares is implemented as a directed share issue without consideration based on a decision made by the Board of Directors of Neste Corporation. The decision of the Board of Directors is based on a share issue authorization granted by the Annual General Meeting of Shareholders on 18 May 2020.

After this transfer of own shares Neste Corporation holds 1,011,311 own shares.


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