Citycon Oyj - Inside information

Citycon decided on a quarterly distribution

CITYCON OYJ     Stock Exchange Release     22 March 2017 at 15:58
The Board of Directors of Citycon Oyj has today decided, on the basis of the
authorisation by the Annual General Meeting 2017, that a dividend of EUR 0.01
per share be distributed from retained earnings and an equity repayment of EUR
0.0225 per share be distributed from the invested unrestricted equity fund of
the company. The dividend and equity repayment will be paid to a shareholder
registered in the company’s shareholders’ register maintained by Euroclear
Finland Ltd on the record date for the dividend and equity repayment 24 March
2017. The dividend and equity repayment will be paid on 31 March 2017.
Citycon’s Annual General Meeting held earlier on same day, 22 March 2017,
resolved to authorise the Board of Directors to decide in its discretion on the
distribution of dividend and equity repayment. Based on the authorisation the
total amount of the dividend to be distributed shall not exceed EUR 0.01 per
share and the maximum amount of equity repayment distributed from the invested
unrestricted equity fund shall not exceed EUR 0.12 per share. Unless the Board
of Directors decides otherwise for a justified reason, the authorisation will be
used to distribute dividend and/or equity repayment four times during the period
of validity of the authorisation. The authorisation is valid until the opening
of the Annual General Meeting 2018.
Following the asset distribution on 31 March 2017, the remaining authorisation
of Citycon’s Board of Directors is EUR 0.0975 per share.
Helsinki, 22 March 2017
CITYCON OYJ
For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 40 154 6760
marcel.kokkeel@citycon.com
Eero Sihvonen, Executive Vice President and CFO
Tel. +358 50 557 9137
eero.sihvonen@citycon.com
Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager
of urban grocery-anchored shopping centres in the Nordic and Baltic regions,
managing assets that total approximately EUR 5 billion and with market
capitalisation of over EUR 2 billion. For more information about Citycon, please
visit www.citycon.com