Citycon Oyj

Citycon Oyj's Board of Directors has appointed Oleg Zaslavsky as the new CEO, effective by April 2025. Zaslavsky, with over 20 years of experience in real estate and finance, will be based in Helsinki, Finland. F. Scott Ball will serve as interim CEO until Zaslavsky takes over. Additionally, Eero Sihvonen has been appointed as the new CFO, succeeding Sakari Järvelä, who will leave the company at the end of 2024. Jussi Vyyryläinen, Senior Vice President of Leasing, will also depart in 2025. To enhance financial stability, Citycon's Board has decided to suspend dividend distribution until the end of 2025, except for the dividend declared on November 6, 2024. The decision aims to strengthen the company's balance sheet and credit profile. Citycon is a leading real estate company in the Nordic region, focusing on sustainable property management and maintaining an investment-grade credit rating.

Citycon Oyj held an Extraordinary General Meeting on November 12, 2024, via remote connection, in line with the company's Articles of Association and Finnish law. The meeting approved all proposals from the Board of Directors, including setting the number of board members at ten. Eero Sihvonen was elected as a new board member until the next Annual General Meeting, while current members will continue their terms until then. Citycon is a prominent real estate company in the Nordic region, focusing on mixed-use properties with a strong commitment to sustainability, managing assets worth approximately EUR 4.0 billion. The company has an investment-grade credit rating and its shares are traded on Nasdaq Helsinki. For more details, contact Sakari Järvelä, the Chief Financial Officer.

Citycon Oyj reported a manager's transaction involving Gazit Europe Netherlands B.V., a closely associated legal person, on November 8, 2024. Chaim Katzman, a member of Citycon's Board, is the person discharging managerial responsibilities. The transaction, which took place on November 5, 2024, outside a trading venue, involved the pledging of shares with an ISIN of FI4000369947. The transaction volume was 19,723,221 shares, with a unit price of 0. For more information, contact Sakari Järvelä, CFO of Citycon Oyj.

Citycon Oyj has announced its financial reporting schedule for 2025. The full-year financial report for 2024, including financial statements and the Board of Directors' report, will be released on February 26, 2025, after market close. The 2025 three-month interim report will be published on May 13, the half-yearly report on August 6, and the nine-month interim report on November 5, all after market close. The Annual General Meeting (AGM) is scheduled for March 20, 2025, at 12:00 noon EET, with the official notice to be issued later. Shareholders can propose discussion topics for the AGM by contacting the Board by January 31, 2025. Citycon is a significant real estate owner and manager in the Nordic region, focusing on mixed-use properties with a commitment to sustainability. The company has assets of approximately EUR 4.0 billion, an investment-grade credit rating from Standard & Poor's, and its shares are listed on Nasdaq Helsinki. For more information, contact CFO Sakari Järvelä.

Citycon Oyj's Board of Directors has decided to distribute an equity repayment of EUR 0.075 per share from the company's invested unrestricted equity fund, as authorized by the 2024 Annual General Meeting. This repayment will be made to shareholders recorded in the company's register by Euroclear Finland Ltd on the record date of December 20, 2024, and will be paid on December 31, 2024. Throughout 2024, Citycon Oyj has distributed a total of EUR 0.30 per share in equity repayments, fully utilizing the authorization from the Annual General Meeting. Citycon is a major real estate owner and manager in the Nordic region, focusing on mixed-use properties that integrate retail, residential, office, and municipal services. The company has assets valued at approximately EUR 4.0 billion and holds an investment-grade credit rating (BBB-) from Standard & Poor's. Citycon Oyj's shares are listed on Nasdaq Helsinki. For more information, contact Chief Financial Officer Sakari Järvelä.