HELSINKI, Mar. 22, 2017 /PRNewswire/ -- The Board of Directors of Citycon Oyj has today decided, on the basis of the authorisation by the Annual General Meeting 2017, that a dividend of EUR 0.01 per share be distributed from retained earnings and an equity repayment of EUR 0.0225 per share be distributed from the invested unrestricted equity fund of the company. The dividend and equity repayment will be paid to a shareholder registered in the company's shareholders' register maintained by Euroclear Finland Ltd on the record date for the dividend and equity repayment 24 March 2017. The dividend and equity repayment will be paid on 31 March 2017.
Citycon's Annual General Meeting held earlier on same day, 22 March 2017, resolved to authorise the Board of Directors to decide in its discretion on the distribution of dividend and equity repayment. Based on the authorisation the total amount of the dividend to be distributed shall not exceed EUR 0.01 per share and the maximum amount of equity repayment distributed from the invested unrestricted equity fund shall not exceed EUR 0.12 per share. Unless the Board of Directors decides otherwise for a justified reason, the authorisation will be used to distribute dividend and/or equity repayment four times during the period of validity of the authorisation. The authorisation is valid until the opening of the Annual General Meeting 2018.
Following the asset distribution on 31 March 2017, the remaining authorisation of Citycon's Board of Directors is EUR 0.0975 per share.
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Citycon Oyj (Nasdaq Helsinki: CTY1S) is a leading owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic regions, managing assets that total approximately EUR 5 billion and with market capitalisation of over EUR 2 billion. For more information about Citycon, please visit www.citycon.com
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SOURCE Citycon Oyj