Publicado 24/02/2023 20:15
- Comunicado -

Citycon Oyj: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

(Información remitida por la empresa firmante)

CITYCON OYJ Stock Exchange Release 24 February 2023 at 19:25 hrs

HELSINKI, Feb. 24, 2023 /PRNewswire/ -- Citycon Oyj ("Citycon" or the "Company") has received on 24 February 2023 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act according to which Gazit Europe Netherlands B.V. direct holding of shares in Citycon will increase above twenty (20) percent.The change in ownership will be due to a share purchase agreement entered into by Gazit Europe Netherlands B.V. and its parent G City Ltd. on 22 February 2023, according to which Gazit Europe Netherlands B.V. will purchase a total of 19,000,000 shares in Citycon from G City Ltd. The purchases will be executed in instalments over approximately the following two weeks. Entering into, or future completion of, the share purchase agreement will not affect the aggregate total direct and indirect holdings of G City Ltd. in Citycon.The parent of Gazit Europe Netherlands B.V., G City Ltd., is controlled by Norstar Holdings Inc, which is ultimately controlled by Chaim Katzman. In addition to 17,285,000 shares held by Gazit Europe Netherlands B.V., the 19,000,000 shares to be transferred based on the share purchase agreement and 51,274,016 shares held by G City Ltd., 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 168,008,940.The holding of shares of Gazit Europe Netherlands B.V and G City Ltd (parent of Gazit Europe Netherlands B.V.) according to the notification:

Notified details of the resulting situation following the crossing of the threshold:

The controlled undertakings through which the shares, voting rights and financial instruments are effectively held:


For further information, please contact:Sakari JrvelVice President, Corporate Finance and Investor RelationsTel. +358 50 387

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 4.3 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 ratings from Moody's (Baa3) and Standard & Poor's (BBB-). Citycon's shares are listed on Nasdaq Helsinki Ltd.

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