Citycon Oyj: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act
CITYCON OYJ Stock Exchange Release 23 February 2024 at 20:40 hrs
Citycon Oyj ("Citycon" or the "Company") has received on 23 February 2024 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act according to which G City Ltd.'s holding of shares in Citycon has decreased below fifty (50) percent.
G City Ltd. has subscribed for 3,700,000 new shares in Citycon Oyj in the directed share issue of 11,900,000 new shares by Citycon Oyj, the results of which were announced on 23 February 2024. The new 11,900,000 shares were registered in the Finnish Trade Register on 23 February 2024 and the resulting number of all registered shares in Citycon Oyj is 183,894,204. The aggregate total shareholding of G City Ltd. in Citycon Oyj has decreased below the 50% threshold and this notification describes the shareholdings following the delivery of the new shares subscribed in the directed share issue, which is expected to take place on 27 February 2024. Until the delivery of such new shares to all investors, including G City Ltd., the number of shares held by G City Ltd. in Citycon Oyj will not increase.
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 54,974,016 shares held by G City Ltd. (including the shares subscribed for in the directed share issue) 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 183,894,204.
The holding of shares of G City Ltd. according to the notification:
% of shares and % of shares and voting rights Total of
voting rights through financial instruments both in %
Resulting G City Ltd.: - 29.89
situation on the 29.89 - 19.73
date on Gazit Europe - 0.02
which threshold Netherlands BV
was crossed or (wholly
reached -owned subsidiary
of G City Ltd):
19.73
Additional shares
held by Chaim
Katzman: 0.02
Position of G City Ltd.: - 28.81
previous 28.81 - 21.10
notification Gazit Europe - 0.02
(if applicable) Netherlands BV
(wholly
-owned subsidiary
of G City Ltd.):
21.10
Additional shares
held by Chaim
Katzman: 0.02
Notified details of the resulting situation following the crossing of the threshold:
A: Shares and
voting rights
Class/type of Number of % of shares and voting rights
sharesISIN shares and
code (if voting
possible) rights
Direct(SMA Indirect(SMA Direct(SMA 9:5) Indirect(SMA 9:6 and 9:7)
9:5) 9:6 and 9:7)
FI4000369947 54,974,016 - 29.89 -
FI4000369947 36,285,000 - 19.73 -
FI4000369947 35,771 - 0.02 -
SUBTOTAL A 91,294,787 49.65
B: Financial
Instruments
according to
SMA 9:6a
Type of
Expiration
Exercise/
Physical or
Number of
shares % of
shares
financial
date
Conversion
cash
and voting
rights and
voting
instrument
Period
settlement
rights
- -
- -
-
-
SUBTOTAL B
-
-
The
controlled
undertakings
through which
the shares,
voting rights
and financial
instruments
are
effectively
held:
Name % of shares % of shares and voting rights Total of both
and voting through financial instruments
rights
Chaim Katzman 0.02 0.02
Norstar
Holdings Inc
G City Ltd. 29,89 29.89
Gazit Europe 19.73 19.73
Netherlands
BV
TOTAL 49,65 49.65
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 4.0 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