Citycon Oyj: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act
CITYCON OYJ Stock Exchange Release 27 December 2023 at 16:45 hrs
Citycon Oyj (“Citycon” or the “Company”) has received on 27 December 2023 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act according to which G City Ltd.’s direct holding of shares in Citycon has decreased below thirty (30) percent.
Due to the dilutive effect of the directed share issue announced by Citycon Oyj on 20 December 2023 and completed on 22 December 2023, the direct shareholding of G City Ltd. in Citycon Oyj has decreased to approximately 29.81% following the registration of the new shares on 22 December 2023.
G City Ltd., the parent of Gazit Europe Netherlands B.V., is controlled by Norstar Holdings Inc, which is ultimately controlled by Chaim Katzman. In addition to 51,274,016 shares held by G City Ltd. and 36,285,000 shares held by Gazit Europe Netherlands B.V., 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 171 994 204.
The holding of shares of G City Ltd. according to the notification:
| % of shares and voting rights |
% of shares and voting rights through financial instruments |
Total of both in % | |
| Resulting situation on the date on which threshold was crossed or reached | G City Ltd.: 29.81 Gazit Europe Netherlands BV (wholly-owned subsidiary of G City Ltd): 21.10 Additional shares held by Chaim Katzman: 0.02 |
- - - |
29.81 21.10 0.02 |
| Position of previous notification (if applicable) | G City Ltd.: 30.52 Gazit Europe Netherlands BV (wholly-owned subsidiary of G City Ltd.): 21.60 Additional shares held by Chaim Katzman: 0.02 |
- - - |
30.52 21.60 0.02 |
Notified details of the resulting situation following the crossing of the threshold:
| A: Shares and voting rights | ||||
| Class/type of sharesISIN code (if possible) |
Number of shares and voting rights | % of shares and voting rights | ||
| Direct(SMA 9:5) | Indirect(SMA 9:6 and 9:7) | Direct(SMA 9:5) | Indirect(SMA 9:6 and 9:7) | |
| FI4000369947 | 51,274,016 | 29.81 | ||
| FI4000369947 | 36,285,000 | 21.10 | ||
| FI4000369947 | 35,771 | 0.02 | ||
| SUBTOTAL A | 87,594,787 | 50,93 | ||
|
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| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both | ||||||||||||||||||||||||
| Chaim Katzman | 0.02 | 0.02 | |||||||||||||||||||||||||
| Norstar Holdings Inc | |||||||||||||||||||||||||||
| G City Ltd. | 29,81 | 29.81 | |||||||||||||||||||||||||
| Gazit Europe Netherlands BV | 21,10 | 21.10 | |||||||||||||||||||||||||
| TOTAL | 50,93 | 50.93 | |||||||||||||||||||||||||
CITYCON OYJ
Further information:
Sakari Järvelä
Vice President, Corporate Finance and Investor Relations
Tel. +358 50 387 8180
sakari.jarvela@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 4.2 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 has investment-grade credit rating from Standard & Poor's (BBB-). Citycon’s shares are listed on Nasdaq Helsinki Ltd.
www.citycon.com