The Board of Directors of Citycon Oyj has decided today, 26 April
2007, on a long-term share-based incentive plan for key personnel of
the Citycon Group. The aim of the plan is to encourage the key
personnel to sustained efforts to increase shareholder value and to
strengthen their commitment to the development of the Group's
operations. At the same time, the distribution of remaining stock
options under Citycon's existing stock option plans to the personnel
ends.
The potential incentive is determined on the basis of the growth of
Citycon Group's adjusted earnings per share and net rental income in
2007-2009 and will be granted to the key personnel during the years
2008-2012. The Board of Directors decides annually on the key
personnel participating in the long-term incentive plan and on
setting of the incentive goals. The incentive will be granted in the
form of Citycon shares.
Helsinki, 26 April 2007
CITYCON OYJ
Board of Directors
For further information, please contact:
Petri Olkinuora, CEO, tel. +358 9 6803 6738 or
mobile +358 400 333 256
Distribution:
Helsinki Stock Exchange
Major media
www.citycon.fi