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Citycon to convene an extraordinary general meeting to resolve on the election of a new Board member

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CITYCON OYJ   Stock exchange release   17 October 2024 at 18:00 hrs

The Board of Directors of Citycon Oyj (“Citycon” or the “Company”) proposes, on the recommendation of the Company’s Nomination and Remuneration Committee, that the number of members of the Board of Directors shall be increased to ten and that  Mr Eero Sihvonen will be elected as new member to the Board of Directors for a term of office expiring at the close of the next Annual General Meeting. Citycon will propose the election of the new member to the Board of Directors to the Extraordinary General Meeting to be held on 12 November 2024. The proposal by the Company’s Board of Directors will be found in its entirety from the notice to Citycon’s Extraordinary General Meeting that will be published at the latest on 21 October 2024.

The proposed new Board member has extensive experience on financing and developing and managing Nordic mixed-use real estate that the Board of Directors considers would further strengthen the real estate and financing expertise of Citycon’s Board of Directors. Mr Eero Sihvonen served as Citycon’s Chief Financial Officer from 2005 to 2021. Based on the information available the Board of Directors has assessed the independence of the candidate and considered Mr Eero Sihvonen independent of the significant shareholders and not independent of Company due to his former Chief Financial Officer position in the Company.  Further information on the candidate for the Board of Directors will be available on the Company’s website citycon.com/egm2024 after publication of the notice.

CITYCON OYJ
Board of Directors

For further information, please contact:
Sakari Järvelä
Chief Financial Officer
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 Oyj’s shares are listed on Nasdaq Helsinki.

www.citycon.com

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