OREANDA-NEWS. Neste Oil Corporation's disposal of own shares based on the share-based incentive plan.

A total of 198,303 treasury shares of Neste Oil Corporation have been on 5th of March 2015 conveyed without consideration to the key persons participating in the share-based incentive plan 2010 according to the terms and conditions of the plan.

The directed share issue is based on the authorization of the Annual General Meeting on 3rd of April, 2014 and a resolution on the directed share issue passed on 3rd of February, 2015 by the Board of Directors based on said authorization.

A total of 63 key people are in the target group of the payment from the plan.

The number of treasury shares held by the company before the directed share issue was 1,000,000 shares. The number of treasury shares after the directed share issue is 801,697 shares. The total number of the company's shares is 256,403,686 shares. 

Neste Oil Corporation has originally informed about the share-based incentive plan 2010 in the stock exchange release on 16th of December 2009. The company has originally informed about the directed share issue in the stock exchange release on 4th of February, 2015.

Neste Oil Corporation is a refining and marketing company specializing in high-quality fuels for cleaner traffic. The company produces all of the most important oil products and is the world's leading supplier of diesels made of renewable raw materials. In 2014, the company's net sales stood at EUR 15 billion, and it employs some 5,000 people. Neste Oil shares are listed on the NASDAQ Helsinki.

Neste Oil has been accepted into the Dow Jones Sustainability World Index. The company has also been on the Global 100 list of sustainable companies for several years in succession. CDP Forest has selected Neste Oil as one of the best companies taking care of their forest footprint in the oil and gas industry.