Citycon to convene an extraordinary general meeting to resolve on the election of a new Board member

17 Oct 2024 17:00 CEST

CITYCON OYJ   Stock exchange release   17 October 2024 at 18:00 hrs

The Board of Directors of Citycon Oyj ("Citycon" or the "Company") proposes, on
the recommendation of the Company's Nomination and Remuneration Committee, that
the number of members of the Board of Directors shall be increased to ten and
that  Mr Eero Sihvonen will be elected as new member to the Board of Directors
for a term of office expiring at the close of the next Annual General Meeting.
Citycon will propose the election of the new member to the Board of Directors to
the Extraordinary General Meeting to be held on 12 November 2024. The proposal
by the Company's Board of Directors will be found in its entirety from the
notice to Citycon's Extraordinary General Meeting that will be published at the
latest on 21 October 2024.
The proposed new Board member has extensive experience on financing and
developing and managing Nordic mixed-use real estate that the Board of Directors
considers would further strengthen the real estate and financing expertise of
Citycon's Board of Directors. Mr Eero Sihvonen served as Citycon's Chief
Financial Officer from 2005 to 2021. Based on the information available the
Board of Directors has assessed the independence of the candidate and considered
Mr Eero Sihvonen independent of the significant shareholders and not independent
of Company due to his former Chief Financial Officer position in the Company.
 Further information on the candidate for the Board of Directors will be
available on the Company's website citycon.com/egm2024 after publication of the
notice.
CITYCON OYJ
Board of Directors
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 4.2 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 rating from Standard & Poor's (BBB-).
Citycon Oyj's shares are listed on Nasdaq Helsinki.
www.citycon.com

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