2021-10-27 20:15:00 CEST

2021-10-27 20:15:02 CEST


REGULATED INFORMATION

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Citycon Oyj - Inside information

Citycon investigates repurchasing its own shares


CITYCON OYJ     Inside information     27 October 2021 at 21:15 hrs

Citycon has decided to investigate the possibility of repurchasing its own
shares based on the existing authorization granted by the Company’s annual
general meeting on 22 March 2021. The Company is investigating using a portion
of the funds obtained from the divestment of its necessity retail centre
Columbus to finance the repurchases.
The Board of Directors is investigating the volume, means, structure and closer
timing for the contemplated repurchase. No decisions regarding the terms and
conditions of any repurchase have been made and any repurchases remain subject
to market conditions.
Based on the existing authorization, the Board of Directors can decide to
repurchase up to ten (10) million shares in the Company, or approximately 5.62
per cent of all registered shares in the company. Own shares can be repurchased
at a price formed in public trading on the date of the repurchase or at a price
otherwise formed on the market.
CITYCON OYJ
For further information, please contact:
Eero Sihvonen, Executive Vice President and CFO
Tel. +358 50 557 9137
eero.sihvonen@citycon.com
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