Based on the share issue authorisation granted by the Annual General Meeting held on 19 March 2024, the Board of Directors of Citycon Oyj resolved on an issue of 190 000 new shares without consideration to the former CEO for payment of reward shares in accordance with the terms and conditions of the CEO Restricted Share Plan 2021-2025. The shares will be transferred as a reward from the vesting period 2021-2025. The plan ends after the payment of the reward.
There is an especially weighty financial reason for deviating from the shareholders' pre-emptive subscription rights as the share transfer is based on the reward payment from the former CEO's restricted share plan.
The new shares will be registered with the Finnish Trade Register on or about 28 May 2024 after which the company, without delay, will apply for the admission of the new shares to trading alongside the company's existing shares on the official list of Nasdaq Helsinki Ltd.
CITYCON OYJ
For further information, please contact:
Sakari Järvelä
Chief Financial Officer
Tel. +358 50 387 8180
sakari.jarvela@citycon.com
Citycon is a leading owner, manager and developer of mixed-use real estate featuring modern, necessity-based retail with residential, office and municipal service spaces that enhance the communities in which they operate. Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.1 billion. Our centres are located in urban hubs in the heart of vibrant communities with direct connections to public transport and anchored by grocery, healthcare and other services that cater to the everyday needs of customers.
Citycon has investment-grade credit ratings from Standard & Poor's (BBB-). Citycon Oyj's shares are listed on Nasdaq Helsinki.
www.citycon.com