HELSINKI, Finland, June 20, 2017 /PRNewswire/ --
CITYCON OYJ Stock Exchange Release 20 June 2017 at 15:40 hrs
The Board of Directors of Citycon Oyj has today decided, on the basis of the authorisation by the Annual General Meeting 2017, that an equity repayment of EUR 0.0325 per share be distributed from the invested unrestricted equity fund of the company. The 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 equity repayment 22 June 2017. The equity repayment will be paid on 30 June 2017.
Citycon's Annual General Meeting held on 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. The authorisation is valid until the opening of the Annual General Meeting 2018.
Following the asset distribution on 30 June 2017, Citycon Oyj has distributed a total dividend and equity repayment of EUR 0.065 per share during the year 2017 and the remaining authorisation of Citycon's Board of Directors is EUR 0.065 per share.
Citycon is an owner, developer and manager of urban grocery-anchored shopping centres in the Nordic and Baltic region, managing assets that total EUR 5 billion and with market capitalisation of EUR 2 billion. Citycon is the No. 1 shopping centre owner in Finland and Estonia and among the market leaders in Norway and Sweden. Citycon has also established a foothold in Denmark.
Citycon has investment-grade credit ratings from Moody's (Baa1) and Standard & Poor's (BBB). Citycon Oyj's share is listed in Nasdaq Helsinki.
For further information, please contact: Marcel Kokkeel, CEO
Eero Sihvonen, Executive Vice President and CFO
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SOURCE Citycon Oyj