Citycon Oyj
Ticker/ISIN
CTY1S
FI4000369947
Marknad/Land
Main Market, Helsinki
Sweden
Senaste aktiekurs
3.79 SEK
2024-03-06
Hittills i år
-0.27 %
3 månader
-0.26 %
6 månader
-0.26 %
1 år
-0.40 %
3 år
-0.48 %
5 år
-0.59 %
Senaste sammanfattade pressmeddelande
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.
Citycon Oyj reported strong operational performance for the first three quarters of 2024, with a notable 11.2% increase in total net rental income at comparable FX rates. The average rent per square meter rose by 4.1%, and retail occupancy slightly improved to 95.1%. Citycon focused on strengthening its balance sheet through a share issue and the placement of a green bond, while also executing several divestments, including properties in Norway and Sweden. The company's EPRA earnings per share saw slight fluctuations due to one-time costs and divestments. Citycon aims to continue improving its debt metrics and operational efficiency, with plans to decentralize decision-making and reduce expenses. The company remains committed to sustainable growth, with a robust divestment pipeline and a focus on enhancing its core assets in major cities. The outlook for 2024 remains stable, assuming no major economic disruptions. Citycon will hold an investor and press conference on 7 November 2024.
Citycon Oyj will hold an Extraordinary General Meeting on November 12, 2024, at 12 noon (EET) via remote connection in accordance with Finnish regulations. Shareholders can vote in advance, with instructions provided in the notice. The meeting agenda includes opening the meeting, electing individuals to scrutinize minutes and supervise vote counting, confirming the meeting's legality, recording attendance, and deciding on the number of Board members. The Board proposes increasing the Board to ten members and electing Eero Sihvonen as a new member, who is independent of significant shareholders but not the company due to his previous role as CFO. Meeting documents and participation instructions are available on Citycon's website. Shareholders can register and vote electronically or by mail. The company has 184,151,840 shares and votes as of the notice date. Citycon is a Nordic region real estate company with a focus on sustainable property management, listed on Nasdaq Helsinki.
Citycon Oyj's Board of Directors has proposed increasing the number of board members to ten and electing Mr. Eero Sihvonen as a new member, with his term ending at the next Annual General Meeting. This proposal will be presented at the Extraordinary General Meeting on 12 November 2024, with details available by 21 October 2024. Mr. Sihvonen, who served as Citycon's CFO from 2005 to 2021, brings extensive experience in financing and managing Nordic mixed-use real estate. He is considered independent of significant shareholders but not independent of the company due to his previous role. Additional information about Mr. Sihvonen will be available on Citycon's website. Citycon is a prominent developer of mixed-use real estate in the Nordic region, with assets worth approximately EUR 4.2 billion and an investment-grade credit rating from Standard & Poor's. Its shares are listed on Nasdaq Helsinki.
Threads
Sida 6
Main Market, Helsinki News
Nyhetsuppdatering från Citycon Oyj
Förändringar i återköpta aktier: Conveyance of Citycon Oyj's own shares for payment of reward earned under incentive program
On 4 April 2024, Citycon Oyj transferred a total of 21,500 of its own shares to eight key individuals as payment for rewards earned under two incentive programmes - the Restricted Share Plan 2020-2022 and the Performance Share Plan 2020-2022. The company no longer holds any of its own shares following this transaction. The shares were conveyed based on authorisation given at the General Meeting of Shareholders on 19 March 2024. Citycon is a leading owner, manager, and developer of mixed-use real estate in the Nordic region with assets totalling approximately EUR 4.0 billion. Its shares are listed on Nasdaq Helsinki Ltd.
Main Market, Helsinki News
Nyhetsuppdatering från Citycon Oyj
Transaktioner utförda av personer i ledande ställning: Citycon Oyj: Managers' Transactions - Metsvaht
Helen Metsvaht, the Chief Operating Officer of Citycon Oyj, has received a share-based incentive as part of her compensation. The transaction, which took place on 4th April 2024, involved 1,000 shares of the company. The shares, identified by the ISIN code FI4000369947, were given at a unit price of 0.00 EUR. This is an initial notification and the reference number for the transaction is 57431/5/4.
Main Market, Helsinki News
Nyhetsuppdatering från Citycon Oyj
Förändringar i återköpta aktier: Muutokset omien osakkeiden omistuksessa
Main Market, Helsinki News
Nyhetsuppdatering från Citycon Oyj
Förändringar i återköpta aktier: Changes in company's own shares
Sida 6