Citycon Oyj resolved on a directed share issue without payment for reward share payment

21 May 2024 08:45 CEST

CITYCON OYJ   Stock Exchange Release 21 May 2024 at 9:45

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

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