Citycon decided on a quarterly distribution
CITYCON OYJ Stock Exchange Release 12 December 2017 at 15:45 hrs
The Board of Directors of Citycon Oyj has today decided, on the basis of the authorisation by the Annual General Meeting 2017, that an equity repayment of EUR 0.0325 per share be distributed from the invested unrestricted equity fund of the company. The 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 14 December 2017. The equity repayment will be paid on 29 December 2017.
Citycon’s Annual General Meeting held on 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. The authorisation is valid until the opening of the Annual General Meeting 2018.
Following the asset distribution on 29 December 2017, Citycon Oyj has distributed a total dividend and equity repayment of EUR 0.13 per share during the year 2017 and the Board of Directors has fully exercised the asset distribution authorisation granted by the Annual General Meeting.
For further information, please contact:
Marcel Kokkeel, CEO
Tel. +358 40 154 6760
Eero Sihvonen, Executive Vice President and CFO
Tel. +358 50 557 9137
Citycon is a leading owner, manager and developer of urban, grocery-anchored shopping centres in the Nordic and Baltic region, managing assets that total almost EUR 5 billion and with market capitalisation of close to EUR 2 billion. Citycon is No. 1 shopping centre owner in Finland and among the market leaders in Norway, Sweden and Estonia. Citycon has also established a foothold in Denmark.
Citycon has investment-grade credit ratings from Moody's (Baa1) and Standard & Poor's (BBB). Citycon Oyj’s share is listed in Nasdaq Helsinki.