CITYCON OYJ Stock Exchange Release 28 December 2021 at 22:30 hrs
Citycon Oyj (“Citycon” or the “Company”) has received on 28 December 2021 the
following notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Markets Act according to which Gazit-Globe Ltd.’s direct holding of
shares in Citycon will decrease below fifty (50) percent.
The change in ownership will be due to a share purchase agreement entered into
by Gazit-Globe Ltd. and its wholly-owned subsidiary Gazit Europe Netherlands BV
according to which Gazit-Globe Ltd. will at a later stage and no later than June
30, 2022 or such other time to be agreed by the parties, sell 17,285,000 shares
in Citycon to Gazit Europe Netherlands BV, subject to certain conditions and at
a price to be determined later in accordance with the share purchase agreement.
Entering into, or future completion of, the share purchace agreement will not
affect the aggregate total direct and indirect holdings of Gazit-Globe Ltd.
Gazit-Globe Ltd. is controlled by Norstar Holdings Inc, which is ultimately
controlled by Chaim Katzman. In addition to 70,274,016 shares held by Gazit
-Globe Ltd. and 17,285,000 shares to be transferred based on the share purchase
agreement, 35,771 shares held by Chaim Katzman have been taken into account in
this notification.
Citycon has one series of shares in which each share carries one vote. The total
number of shares and votes is 168,498,525.
The holding of shares of Gazit-Globe Ltd. according to the notification:
% of shares % of shares and Total of
and voting voting rights both in %
rights through
financial
instruments
Resulting Gazit-Globe Gazit Europe 51.96%
situation on the Ltd.: Netherlands BV 0.02%
date on 41.71% (wholly
which threshold Additional -owned subsidiary
was crossed or shares held of Gazit-Globe
reached by Chaim Ltd.):
Katzman: 10.26%
0.02% -
Position of Gazit-Globe 51.96%
previous Ltd.: 0.02%
notification 51.96%
(if applicable) Additional
shares held
by
Chaim
Katzman:
0.02%
Notified details of the resulting situation following the crossing of the
threshold:
A: Shares and
voting rights
Class/type of Number of % of shares and voting rights
sharesISIN shares and
code (if voting
possible) rights
Direct(SMA Indirect(SMA Direct(SMA 9:5) Indirect(SMA 9:6 and 9:7)
9:5) 9:6 and 9:7)
FI4000369947 70,274,016 41.71%
FI4000369947 35,771 0.02%
SUBTOTAL A 70,309,787 41.73%
B: Financial
Instruments
according to
SMA 9:6a
Type of
Expiration
Exercise/
Physical
Number of
% of shares
financial
date
Conversion
or
shares
and voting
instrument
Period
cash
and voting
rights
settlement
rights
Share
- -
Physical
17,285,000
10.26%
purchase
settlement
agreement
leading to
change in
ownership
SUBTOTAL B
17,285,000
10.26%
The
controlled
undertakings
through
which the
shares,
voting
rights and
financial
instruments
are
effectively
held:
Name % of shares % of shares and voting rights Total of both
and voting through financial instruments
rights
Chaim 0.02% 0.02%
Katzman
Norstar
Holdings Inc
Gazit-Globe 51.96% 51.96%
Ltd.
TOTAL 51.98% 51.98%
CITYCON OYJ
For further information, please contact:
Laura Jauhiainen
Vice President, Strategy and Investor Relations
Tel. +358 40 725 7573
laura.jauhiainen@citycon.com
Citycon is a leading owner, manager and developer of mixed-use centres for urban
living including retail, office space and housing. We are committed to
sustainable property management in the Nordic region with assets that total
approximately EUR 4.5 billion. Our centres are located in urban hubs with a
direct connection to public transport. Placed in the heart of communities, our
centres are anchored by groceries, healthcare and services to cater for the
everyday needs of customers.
Citycon has investment-grade credit ratings from Moody's (Baa3), Fitch (BBB-)
and Standard & Poor's (BBB-). Citycon Oyj’s share is listed in Nasdaq Helsinki.
www.citycon.com