CITYCON OYJ Stock Exchange Release 3 April 2025 at 23:00 hrs
The Board of Directors of Citycon has resolved on a directed share issue without consideration to pay rewards relating to the Restricted Share Plan (announced on 11 December 2019), Restricted Share Plan 2024-2027 (announced on 15 April 2024), Matching Share Plan (announced on 22 March 2022) and Performance Share Plan (announced on 17 March 2020).
Based on the authorisation granted by the Annual General Meeting of shareholders on 3 April 2025, the Board of Directors of Citycon has resolved on a directed share issue without consideration to the participants of the incentive plans in order to deliver the share rewards. In the share issue, 32,517 new shares in the company will, in deviation from the shareholders’ pre-emptive subscription right, be issued without consideration to the management and key personnel of the company in order to deliver the rewards under the incentive plans.
Taking into consideration the best interests of the company and shareholders, there is a particularly weighty financial reason for deviating from the shareholders’ pre-emptive subscription right, as the shares are issued for the purpose of delivering the share reward under the long-term incentive scheme in accordance with the terms and conditions of the plan.
The new shares subscribed in the directed share issue without consideration are estimated to be entered into the Trade Register on 10 April 2025 and applied for public listing on Nasdaq Helsinki Ltd. estimated on 11 April 2025. Following the entry of the new shares into the Trade Register, the total number of shares in the company will be 184,263,812.
CITYCON OYJ
For further information, please contact:
Eero Sihvonen
Chief Financial Officer
Contact requests through:
Anni Torkko
Investor Relations Manager
Tel. +358 45 358 0570
anni.torkko@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 3.7 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’s shares are listed on Nasdaq Helsinki Ltd.
www.citycon.com