CITYCON OYJ Stock Exchange Release 12 March 2026 at 21:00 hrs
Citycon Oyj (“Citycon” or the “Company”) has received on 12 March 2026 the
following notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Markets Act according to which G City Ltd.'s holding of shares in
Citycon has increased over 2/3 on 12 March 2026.
G City Ltd. commenced a mandatory public tender offer on 2 January 2026 for all
the issued and outstanding shares and stock options in Citycon Oyj. The tender
offer became unconditional on 2 February 2026. Consequently, the 50,076,363
shares validly tendered and not validly withdrawn in the tender offer have been
transferred to G City today on 12 March 2026 upon the completion trades of the
tender offer.
The shares acquired through the completion trades of the tender offer, together
with the current holdings of G City, G City's fully owned subsidiary Gazit
Europe Netherlands, and Chaim Katzman, represent in aggregate a holding of
158,665,652 shares, corresponding to approximately 86.43 per-cent of all the
shares and voting rights in Citycon Oyj.
No stock options of Citycon were tendered in the tender offer.
Chaim Katzman's holdings as stated in this notification were also in effect on 3
November 2025.
Citycon has one series of shares in which each share carries one vote. The total
number of shares and votes is 183,569,011.
The holding of shares of G City Ltd. according to the notification:
% of shares and % of shares Total of
voting rights and voting both in %
rights
through
financial
instruments
Resulting G City Ltd. 66.60 66.60
situation on the
date on Gazit Europe Nether 19.77
which threshold -lands B.V. (fully
was crossed or owned subsidiary of 0.06
reached G City Ltd.) 19.77
Additional shares
held by Chaim
Katzman 0.06
Position of G City Ltd. 37.67 37.67
previous
notification Gazit Europe Nether 19.77
(if applicable) -lands B.V. (fully
owned subsidiary of 0.07
G City Ltd.) 19.77
Additional shares
held by Chaim
Katzman: 0.07
Notified details of the resulting situation following the crossing of the
threshold:
+------------+-----------------+----------------+-----------------+-----------+
|A: Shares |
|and voting |
|rights |
+------------+-----------------+----------------+-----------------+-----------+
|Class/type |Number of shares and voting rights|% of shares and voting rights|
|of | | |
|shares | | |
| | | |
|ISIN code | | |
|(if | | |
|possible) | | |
+------------+-----------------+----------------+-----------------+-----------+
|Direct |Indirect |Direct |Indirect |
| | | | |
|(SMA 9:5) |(SMA 9:6 and 9:7)|(SMA 9:5) |(SMA 9:6 and 9:7)|
+------------+-----------------+----------------+-----------------+-----------+
|FI4000369947|122,263,718 | |66.60 | |
+------------+-----------------+----------------+-----------------+-----------+
|FI4000369947|36,285,000 | |19.77 | |
+------------+-----------------+----------------+-----------------+-----------+
|FI4000369947|116,934 | |0.06 | |
+------------+-----------------+----------------+-----------------+-----------+
|SUBTOTAL A |158,665,652 | |86.43 | |
+------------+-----------------+----------------+-----------------+-----------+
B: Financial
Instruments
according to
SMA 9:6a
Type of Expiration Exercise/ Physical or Number of shares % of shares
financial date Conversion cash and voting rights and voting
instrument Period settlement rights
SUBTOTAL B
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 Katzman|0.06 |- |0.06 |
+-------------+-----------+-----------------------------+-------------+
|Norstar |0.00 | |0.00 |
|Holdings Inc.| | | |
+-------------+-----------+-----------------------------+-------------+
|G City Ltd. |66.60 |- |66.60 |
+-------------+-----------+-----------------------------+-------------+
|Gazit Europe |19.77 |- |19.77 |
|Nether-lands | | | |
|B.V. | | | |
+-------------+-----------+-----------------------------+-------------+
|TOTAL |86.43 | |86.43 |
+-------------+-----------+-----------------------------+-------------+
CITYCON OYJ
For further information, please contact:
Hilik Attias
CFO
Contact requests through:
Anni Torkko
Director, Group Corporate Analysis & IR
Tel. +358 45358 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