CITYCON OYJ Stock Exchange Release 6 February 2020 at 09:05 hrs
The Board of Directors of Citycon Oyj has decided to propose to the Annual
General Meeting to be held on 17 March 2020 of the asset distribution as
follows.
The Board of Directors proposes that based on the balance sheet to be adopted
for the financial period ended on 31 December 2019, no dividend is distributed
by a resolution of the Annual General Meeting.
Nonetheless, the Board of Directors proposes that the Board of Directors be
authorized to decide in its discretion on the distribution of dividend and
assets from the invested unrestricted equity fund in the manner set forth below.
Based on this authorization, the maximum amount of dividend to be distributed
shall not exceed EUR 0.05 per share and the maximum amount of equity repayment
distributed from the invested unrestricted equity fund shall not exceed EUR 0.60
per share. Based on the authorization, the company could distribute a maximum of
EUR 8,899,926.25 as dividends and EUR 106,799,115.00 as equity repayment.
The authorization is valid until the opening of the next Annual General Meeting.
Unless the Board of Directors decides otherwise for a justified reason, the
authorization will be used to distribute dividend and/or equity repayment four
times during the period of validity of the authorization. In this case, the
Board of Directors will make separate resolutions on each distribution of the
dividend and/or equity repayment so that the preliminary record and payment
dates will be as stated below. Citycon shall make separate announcements of such
Board resolutions.
Preliminary payment date Preliminary record date
31 March 2020 19 March 2020
30 June 2020 22 June 2020
30 September 2020 23 September 2020
30 December 2020 18 December 2020
The dividend and/or equity repayment based on the resolution of the Board of
Directors will be paid to a shareholder registered in the company’s
shareholders’ register maintained by Euroclear Finland Ltd on the record date of
the dividend and/or equity repayment.
Citycon publishes the notice to the Annual General Meeting as a stock exchange
release and on the company's website separately.
Espoo, 5 February 2020
CITYCON OYJ
Board of Directors
For further information, please contact:
Eero Sihvonen
Executive VP and CFO
Tel. +358 50 557 9137
eero.sihvonen@citycon.com
Valtteri Piri
IR and Legal Specialist
Tel. +358 50 570 1022
valtteri.piri@citycon.com
Citycon Oyj is a leading owner, manager and developer of urban, grocery-anchored
shopping centres in the Nordic region, managing assets that total approximately
EUR 4.4 billion. Citycon is the number one shopping centre owner in Finland and
among the market leaders in Norway, Sweden and Estonia. Citycon has also
established a foothold in Denmark.
Citycon Oyj has investment-grade credit ratings from Moody’s (Baa3) and Standard
& Poor’s (BBB-). Citycon Oyj’s shares are listed on Nasdaq Helsinki Ltd. stock
exchange.
For more information about Citycon Oyj, please visit www.citycon.com.