Citycon Oyj completes the repurchase of own shares under the share buy-back programme
14 juli, 10:00
Citycon Oyj completes the repurchase of own shares under the share buy-back programme
CITYCON OYJStock Exchange Release14 July 2025 at 11:00 hrs
Citycon Oyj (“Citycon” or the “Company”) has completed the share buy-back programme and the repurchase of the Company’s own shares (ISIN code FI4000369947), the commencement of which was announced via a stock exchange release on 23 June 2025. Citycon repurchased a total of 694,801 own shares between 23 June 2025 and 11 July 2025, corresponding to approximately 0.4% of the total number of shares in Citycon. The shares were purchased at an average price of approximately EUR 3.8 per share. The total amount used for the repurchase was approximately EUR 2.6 million. The shares were repurchased in public trading on Nasdaq Helsinki Ltd at the market price prevailing at the time of purchase, provided, however, that the maximum price was EUR 3.80 per share.
The shares were repurchased on the basis of the authorisation given by the Annual General Meeting to the Board of Directors on 3 April 2025. The shares were repurchased to distribute surplus funds received from the divestments executed in 2024 to the shareholders of Citycon and to enhance future value creation. In addition, the Company considers that the decrease in the number of shares due to the repurchase and the cancellation of the repurchased shares after the completion of the programme constitutes the most favourable option for the Company to pursue a more efficient capital structure.
Following the repurchase, Citycon holds a total of 694,801 own shares in the Company. At the moment, the total number of shares and votes in Citycon is 184,263,812.
Pursuant to the decision by the Board of Directors of the Company, the repurchased shares, i.e., 694,801 Citycon shares, will be cancelled. The cancellation of the repurchased shares will be registered with the trade register maintained by the Finnish Patent and Registration Office. The cancellation of the shares will have no effect on the share capital of Citycon.
Following the cancellation, the new total number of shares in Citycon will be 183,569,011 and the new total number of votes attached to the shares will be 183,569,011.
CITYCON OYJ
For further information, please contact:
Eero Sihvonen
CFO
Contact requests through:
Anni Torkko
Investor Relations Manager
Tel. +358 45 358 0570
anni.torkko@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 3.8 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’s shares are listed on Nasdaq Helsinki Ltd.
www.citycon.com
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Citycon Oyj completes the repurchase of own shares under the share buy-back programme
14 juli, 10:00
Citycon Oyj completes the repurchase of own shares under the share buy-back programme
CITYCON OYJStock Exchange Release14 July 2025 at 11:00 hrs
Citycon Oyj (“Citycon” or the “Company”) has completed the share buy-back programme and the repurchase of the Company’s own shares (ISIN code FI4000369947), the commencement of which was announced via a stock exchange release on 23 June 2025. Citycon repurchased a total of 694,801 own shares between 23 June 2025 and 11 July 2025, corresponding to approximately 0.4% of the total number of shares in Citycon. The shares were purchased at an average price of approximately EUR 3.8 per share. The total amount used for the repurchase was approximately EUR 2.6 million. The shares were repurchased in public trading on Nasdaq Helsinki Ltd at the market price prevailing at the time of purchase, provided, however, that the maximum price was EUR 3.80 per share.
The shares were repurchased on the basis of the authorisation given by the Annual General Meeting to the Board of Directors on 3 April 2025. The shares were repurchased to distribute surplus funds received from the divestments executed in 2024 to the shareholders of Citycon and to enhance future value creation. In addition, the Company considers that the decrease in the number of shares due to the repurchase and the cancellation of the repurchased shares after the completion of the programme constitutes the most favourable option for the Company to pursue a more efficient capital structure.
Following the repurchase, Citycon holds a total of 694,801 own shares in the Company. At the moment, the total number of shares and votes in Citycon is 184,263,812.
Pursuant to the decision by the Board of Directors of the Company, the repurchased shares, i.e., 694,801 Citycon shares, will be cancelled. The cancellation of the repurchased shares will be registered with the trade register maintained by the Finnish Patent and Registration Office. The cancellation of the shares will have no effect on the share capital of Citycon.
Following the cancellation, the new total number of shares in Citycon will be 183,569,011 and the new total number of votes attached to the shares will be 183,569,011.
CITYCON OYJ
For further information, please contact:
Eero Sihvonen
CFO
Contact requests through:
Anni Torkko
Investor Relations Manager
Tel. +358 45 358 0570
anni.torkko@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 3.8 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’s shares are listed on Nasdaq Helsinki Ltd.
www.citycon.com
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