CITYCON OYJ Stock Exchange Release 14 July 2025 at 11:00 hrs
Citycon Oyj (“Citycon” or the “Company”) has completed the share buy-back
programme and the repurchase of the Company's own shares (ISIN code
FI4000369947), the commencement of which was announced via a stock exchange
release on 23 June 2025. Citycon repurchased a total of 694,801 own shares
between 23 June 2025 and 11 July 2025, corresponding to approximately 0.4% of
the total number of shares in Citycon. The shares were purchased at an average
price of approximately EUR 3.8 per share. The total amount used for the
repurchase was approximately EUR 2.6 million. The shares were repurchased in
public trading on Nasdaq Helsinki Ltd at the market price prevailing at the time
of purchase, provided, however, that the maximum price was EUR 3.80 per share.
The shares were repurchased on the basis of the authorisation given by the
Annual General Meeting to the Board of Directors on 3 April 2025. The shares
were repurchased to distribute surplus funds received from the divestments
executed in 2024 to the shareholders of Citycon and to enhance future value
creation. In addition, the Company considers that the decrease in the number of
shares due to the repurchase and the cancellation of the repurchased shares
after the completion of the programme constitutes the most favourable option for
the Company to pursue a more efficient capital structure.
Following the repurchase, Citycon holds a total of 694,801 own shares in the
Company. At the moment, the total number of shares and votes in Citycon is
184,263,812.
Pursuant to the decision by the Board of Directors of the Company, the
repurchased shares, i.e., 694,801 Citycon shares, will be cancelled. The
cancellation of the repurchased shares will be registered with the trade
register maintained by the Finnish Patent and Registration Office. The
cancellation of the shares will have no effect on the share capital of Citycon.
Following the cancellation, the new total number of shares in Citycon will be
183,569,011 and the new total number of votes attached to the shares will be
183,569,011.
CITYCON OYJ
For further information, please contact:
Eero Sihvonen
CFO
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 3.8 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