Citycon Oyj: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act
The notification relates to the decision of the Board of Directors of Citycon to cancel a total of 9,500,000 Citycon's own shares that Citycon acquired in a market based reverse accelerated bookbuild based on the decision by the Board of Directors (the "
Reverse ABB
"). On 25 November 2021, the Board of Directors of Citycon decided that the 9,500,000 own shares acquired to Citycon in the Reverse ABB be cancelled. As announced by Citycon on 30 November 2021, the cancellation of the shares has been registered with the trade register maintained by the Finnish Patent and Registration Office on 30 November 2021. As a result of Citycon cancelling 9,500,000 of its shares, Gazit-Globe Ltd.'s total holdings in Citycon have increased to 51.96 percent (87,559,016 shares). However, pursuant to the exemption under Chapter 11, Section 21 of the Finnish Securities Markets Act (746/2012, as amended), as the change in the holding results solely from measures taken by Citycon, exceeding this threshold does not trigger an obligation to launch a mandatory public tender offer before Gazit-Globe Ltd. or persons exercising control in Gazit-Globe Ltd. acquire or subscribe for more shares of Citycon or otherwise increase its/their proportion of voting rights in Citycon.
Gazit-Globe Ltd. is controlled by Norstar Holdings Inc, which is ultimately controlled by Chaim Katzman. In addition to 87,559,016 shares held by Gazit-Globe Ltd., 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:
Notified details of the resulting situation following the crossing of the threshold:
CITYCON OYJ
For further information, please contact:Laura JauhiainenVice President, Strategy and Investor RelationsTel. +358 40 725 [email protected] 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
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/citycon-oyj/r/citycon-oyj--flagging-notification-in-accordance-with-chapter-9-section-10-of-the-finnish-securities,c3463903
