Conveyance of Citycon Oyj's own shares for payment of reward earned under incentive program
CITYCON OYJ Stock Exchange Release 4 April 2024 at 20:00 hrs
HELSINKI, Finland, April 4, 2024 /PRNewswire/ -- Citycon Oyj has on 4 April 2024 conveyed in total 21,500 own shares held by the company in a directed share issue without consideration to six key persons for payment of rewards earned under the Restricted Share Plan 2020-2022 and to two key persons for payment of rewards earned under the Performance Share Plan 2020-2022.
Under the Restricted Share Plan 2020-2022 a total of 6,500 shares and under the Performance Share Plan 2020-2022 a total of 15,000 shares were conveyed for payment of rewards in accordance with the terms and conditions of said plans.
On 19 March 2024, Citycon Oyj's Board of Directors decided on the repurchase and conveyance of an aggregate maximum number of 231,603 of its own shares in several separate transactions to implement payments of reward earned under incentive programmes.
The conveyance of shares is based on the authorisation granted to the Board of Directors by the General Meeting of Shareholders held on 19 March 2024. The shares were conveyed and registered in the recipient's book-entry account on 4 April 2024, after which they entitle their holder to dividend and other shareholder rights.
Further details concerning the company's Restricted Share Plan 2020-2022 and the Performance Share Plan 2020-2022 are available on the company's website.
The company does not hold any of its own shares after the conveyance.
CITYCON OYJ
For further information, please contact:
Sakari Järvelä
Chief Financial Officer
Telephone +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 4.0 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
CONTACT:
This information was brought to you by Cision http://news.cision.com
Share this article