shareholders to the Annual General Meeting (AGM) to be held on 13
March 2008 at 2.00 p.m. at Finlandia Hall, Helsinki, Finland. The
Board of Directors makes the following proposals to the AGM:
1. Proposal for dividend distribution and return of equity from
invested unrestricted equity fund
As announced by the company in its full-year results release on 14
February 2008, the Board of Directors proposes that on the basis of
the financial statements to be adopted for the financial year ending
on 31 December 2007, a per-share dividend of EUR 0.04 be paid out
from the retained earnings and that EUR 0.10 per share be returned
from the invested unrestricted equity fund. The Board of Directors
proposes that the dividend and equity return be paid on 2 April 2008.
The dividend and equity return will be paid to a shareholder
registered in the company's shareholders' register on the record date
for dividend distribution and equity return 18 March 2008.
2. Proposal to amend the terms and conditions of option plan 2004
Due to the fact that the Board of Directors proposes to the Annual
General Meeting that, in addition to the dividend distribution, the
company would return equity from the invested unrestricted equity
fund, the Board of Directors proposes that the terms and conditions
of the stock option plan 2004 be amended as follows:
From the share subscription prices of stock options 2004 A/B/C shall,
as per each record date for dividend payment and/or equity return, be
deducted half of the amount of dividends and half of the amounts
returned from the invested unrestricted equity fund. The deductions
shall be undertaken after the commencement of the period for
determination of the share subscription price but before share
subscription.
It is further proposed that the Board of Directors be authorized to
make the corresponding amendment to the terms and conditions of the
share subscription of the stock option plan 2004.
3. Proposal for the auditor and the auditor's remuneration
The Board of Directors proposes, as recommended by the Audit
Committee, that Ernst & Young Oy, a firm of authorised public
accountants, be re-elected the auditor of the company. The auditor
has consented to the election.
The Board of Directors proposes, as recommended by the Audit
Committee that the audit fee be paid according to the auditor's
invoice.
Nomination Committee's proposal for the members of the Board of
Directors and their remuneration was announced in a stock exchange
release issued on 14 February 2008.
Notice of the Annual General Meeting will be published in Helsingin
Sanomat and issued as a stock exchange announcement on 22 February
2008. The notice and other AGM documents will also be available on
the company's website www.citycon.fi as of the same date.
Helsinki, 20 February 2008
CITYCON OYJ
The Board of Directors
For further information, please contact:
Petri Olkinuora, CEO, tel. +358 9 6803 6738 or
mobile +358 400 333 256
Distribution:
OMX Nordic Exchange Helsinki
Major media
www.citycon.fi