Citycon Oyj

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, based on the authorisation by the Annual General Meeting 2024. Shareholders registered by Euroclear Finland Ltd on the record date of 23 September 2024 will receive the payment on 30 September 2024. This brings the total equity repayment for 2024 to EUR 0.225 per share, with a remaining authorisation of EUR 0.075 per share. Citycon Oyj is a major owner, manager, and developer of mixed-use real estate in the Nordic region, with assets totaling approximately EUR 4.2 billion and an investment-grade credit rating from Standard & Poor's. The company's shares are listed on Nasdaq Helsinki. For more information, contact Chief Financial Officer Sakari Järvelä.

Citycon Oyj reported strong operational performance for the first half of 2024, with total net rental income increasing by 9.9% and like-for-like net rental income by 5.9% compared to the previous year. Retail occupancy rose to 95.2%, and the collection rate remained high at 98%. The company focused on strengthening its balance sheet by extending credit facilities, redeeming bonds early, and executing a hybrid exchange. Citycon aims to achieve a EUR 350 million divestment target by the end of the year. The outlook assumes stable macroeconomic conditions and no major disruptions from the war in Ukraine. An investor webcast will be held on 18 July 2024.

Citycon Oyj announced a manager's transaction involving F. Scott Ball, a member of the Board and former CEO. On May 28, 2024, Ball received 190,000 shares as part of a share-based incentive plan. The shares were awarded under the CEO Restricted Share Plan 2021-2025, with no monetary transaction involved. For more information, contact CFO Sakari Järvelä.

Citycon Oyj's CFO, Sakari Järvelä, has accepted a stock option as part of his compensation package. The transaction, which took place on May 16, 2024, involved 100,000 units of the company's financial instrument linked to a share or a debt instrument, named Stock Option 2024, at a unit price of 0.0 EUR. The total volume of the transaction was also 100,000 units, with a volume-weighted average price of 0.0 EUR.

Helen Metsvaht, COO of Citycon Oyj, has accepted a stock option as per an initial notification on 20 May 2024. The financial instrument linked to this transaction is named "Stock Option 2024". The volume of the transaction is 100,000 units at a unit price of 0.0 EUR. The total volume of aggregated transactions is also 100,000 with a volume weighted average price of 0.0 EUR.

Jussi Vyyryläinen, Senior Vice President of Leasing at Citycon Oyj, has accepted a stock option as per a notification made on 20 May 2024. The stock option, named 'Stock Option 2024', is a financial instrument linked to a share or a debt instrument. The transaction involved 100,000 units at a unit price of 0.0 EUR.

Citycon Oyj's Board of Directors has launched a new stock option plan and restricted share unit plan for its CEO. The plan aims to align the CEO's goals with those of the shareholders and provide a competitive reward plan. The maximum total number of stock options to be issued is 1,591,848, which could account for a maximum of 0.85% of all the company's shares. The share subscription price for these options is 4.05 euros per share. The Board also decided to increase the maximum number of stock options distributed from the plan by 150,000, bringing the total to 500,000. The restricted share unit plan allows the Board to allocate rewards during 2024, with a maximum total value corresponding to 75,000 shares of Citycon Oyj.