Shares, share trading, and ownership
Neste Oil’s shares are traded on NASDAQ OMX Helsinki Ltd. The share price closed the year at EUR 7.81, down by 34.7% compared to the end of 2010. At its highest during 2011, the share price reached EUR 14.70, while at its lowest the price stood at EUR 6.19. Market capitalization was EUR 2.0 billion as of December 31 2011. An average of 1.13 million shares were traded daily, representing 0.4% of the company’s shares.
Neste Oil’s share capital registered with the Company Register as of December 31 2011 totaled EUR 40 million, and the total number of shares outstanding is 256,403,686. The company does not hold any of its own shares, and the Board of Directors has no authorization to buy back company shares or issue convertible bonds, share options, or new shares.
As at the end of the year, the Finnish State owned 50.1% (50.1%) of outstanding shares, foreign institutions 19.4% (18.6%), Finnish institutions 16.8% (18.5%), and Finnish households 13.7% (12.8%).
| Largest shareholders as at December 31 2011 | ||
| Shareholder | Shares | % |
| Prime Minister´s Office | 128,458,247 | 50.10 |
| Ilmarinen Mutual Pension Insurance Company | 9,484,590 | 3.70 |
| Varma Mutual Pension Insurance Company | 5,778,970 | 2.25 |
| The Social Insurance Institution of Finland, KELA | 2,648,424 | 1.03 |
| The State Pension Fund | 2,190,000 | 0.85 |
| The City of Kurikka | 1,550,875 | 0.60 |
| Mutual Insurance Company Pension-Fennia | 1,003,000 | 0.39 |
| Mandatum Life Insurance Company Limited | 807,449 | 0.31 |
| Nordea Bank Finland Plc | 578,717 | 0.23 |
| OP Life Assurance Company Ltd | 546,898 | 0.21 |
| Alexander Management Oy | 485,000 | 0.19 |
| Svenska Handelsbanken AB (publ), Branch Operation in Finland | 479,156 | 0.19 |
| Kaleva Mutual Insurance Company | 460,000 | 0.18 |
| Veikko Laine Oy | 450,000 | 0.18 |
| Sigrid Jusélius Foundation | 423,000 | 0.16 |
| OP Pension Fund | 357,847 | 0.14 |
| The Local Government Pensions Institution | 351,226 | 0.14 |
| OP-Delta Fund | 325,000 | 0.13 |
| Sijoitusrahasto Taalaritehdas Arvo Markka Osake | 320,000 | 0.12 |
| The Finnish Cultural Foundation | 301,183 | 0.12 |
| 20 largest owners total | 156,999,582 | 61.23 |
| Nominee registrations | 48,978,480 | 19.10 |
| Others | 50,425,624 | 19.67 |
| Number of shares, total | 256,403,686 | 100.00 |
| Breakdown of share ownership as at December 31 2011 | ||||
| By the number of shares owned | ||||
| No. of shares | No. of shareholders |
% of shareholders |
No. of shares |
% of shares |
| 1–100 | 26,021 | 33.8 | 1,508,547 | 0.6 |
| 101–500 | 34,052 | 44.2 | 8,678,958 | 3.4 |
| 501–1 000 | 8,975 | 11.7 | 6,964,263 | 2.7 |
| 1 001–5 000 | 6,884 | 8.9 | 14,293,284 | 5.6 |
| 5 001–10 000 | 594 | 0.8 | 4,297,439 | 1.7 |
| 10 001–50 000 | 348 | 0.5 | 7,007,609 | 2.7 |
| 50 001–100 000 | 39 | 0.1 | 2,952,682 | 1.2 |
| 100 001–500 000 | 42 | 0.1 | 9,644,944 | 3.8 |
| Over 500 000 | 14 | 0.0 | 201,055,960 | 78.4 |
| Total | 76,969 | 100.0 | 256,403,686 | 100.00 |
| of which nominee registrations | 14 | 48,978,480 | 19.10 | |
| By shareholder category | ||||
| % of shares | ||||
| State of Finland | 50.1 | |||
| Corporations | 2.9 | |||
| Financial and insurance companies | 2.5 | |||
| Non-profit organizations | 1.9 | |||
| General government | 9.5 | |||
| Households | 13.7 | |||
| Non-Finnish shareholders | 19.4 | |||
| Total | 100.0 | |||