Citycon to repurchase own shares to implement the 2011

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Citycon to repurchase own shares to implement the 2011 option program

Citycon Oyj’s 2011 option rights entitle their holders to subscribe for a maximum of 8,529,625 new or existing shares in the company by 31 March 2018, at the latest. The Board of Directors of Citycon has decided that existing shares held by the company shall be issued based on the share subscriptions. At the date of this release, Citycon does not own any of its own shares wherefore the Board of Directors of Citycon has decided to repurchase the company’s own shares to implement the 2011 option program.  Based on the decision of the Board of Directors, Citycon shall repurchase, always subject to a valid authorization granted by the General Meeting of the company, in several separate transactions, a number of the company’s own shares equivalent to the number of shares subscribed for on the basis of the 2011 option rights at each time, equaling in total a maximum of 8,529,625 shares. This corresponds to approximately 1.9 per cent of all the shares of the company at the date of this release should all the option rights be exercised for share subscription. Shares can be repurchased until 20 April 2018 based on the share subscriptions received at each time, always subject to a valid authorization granted by the General Meeting of the company. The shares shall be repurchased with the company's unrestricted equity otherwise than in proportion to the shares owned by the shareholders of the company (directed repurchase of shares) through public trading organized by NASDAQ OMX Helsinki Ltd at a price that has been formed for the shares in public trading on the date of repurchase. The shares will be repurchased and paid for and information about the share repurchases will be disclosed in accordance with the rules and guidelines of NASDAQ OMX Helsinki Ltd. The repurchased shares shall be transferred to the option holders who have subscribed for shares at each time and will entitle to dividend and other shareholder rights once registered to the book-entry account of the relevant option holder. The share subscription price received at each time will be recognized in the company’s invested unrestricted equity fund. The terms and conditions of the 2011 option rights are available on Citycon’s website www.citycon.com/options . Helsinki, 23 April 2014 CITYCON OYJ Board of Directors For further information, please contact: Marcel Kokkeel, CEO Tel. +358 20 766 4521 or +358 40 154 6760 marcel.kokkeel@citycon.com Eero Sihvonen, Executive Vice President and CFO Tel. +358 20 766 4459 or +358 50 557 9137 eero.sihvonen@citycon.com Distribution: NASDAQ OMX Helsinki Major media www.citycon.com  

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Xiaomi's Smart Auto Factory Draws Global Media Praise

Updated Category News Views 202

Xiaomi Impresses Global Media in Beijing Factory Tour In the ever-changing world of NEVs (New Energy Vehicles), a tour of Xiaomi's smart auto factory in Beijing has made waves among global media folks. These scribes got an up-close look at Xiaomi's magic mix of tech and style on November 6, part of a grand media gathering. What's Under the Hood? Marcos Costa de Oliveira,...

Continue Reading
Tax Planning vs. Preparation: Strategic Differences

Updated Category News Views 89

Tax Strategy: Not All About April 15 Ready to fend off that taxman? Well, don’t just wait for that dreaded April deadline. Greg Harrison over at Harrison Financial Management spills some wisdom on the oft-overlooked nuances between tax planning and tax preparation. It’s not just semantics; it’s the difference between shaping your financial future and simply...

Continue Reading
PVA Unveils Hotel Accessibility Guide for Disabled Travelers

Updated Category News Views 141

Is Your Hotel Truly Accessible? Time to Find Out. Another day, another step toward making the world a bit more navigable for folks with mobility challenges—and it's about time the hospitality sector caught up. Today, Paralyzed Veterans of America (PVA) rolled out the first volume of their 'Best Practices in Hotel Accessibility Guide.' Think of it as a roadmap for hotels...

Continue Reading
Mako Hiraizumi Shines with Silver at Japan Triathlon

Updated Category News Views 115

A Triathlete with Grit and Ambition Mako Hiraizumi didn't just earn a silver medal at the 32nd Japan Triathlon National Championships; she set an example of perseverance and ambition. Rising a notch from her bronze finish last year, Hiraizumi's runner-up achievement at Tokyo's Odaiba Seaside Park is no small feat. Yet, she's not resting on her laurels. This athlete from...

Continue Reading
Orthodontic Treatment: Timelines and Expert Insights

Updated Category News Views 37

Getting Straight to the Point: Orthodontic Timelines Remember that time your teen self thought braces would be over in a flash? Yeah, well, Dr. Judith Okun might have a few words on that. When it comes to braces, you better buckle up for the long haul. Most folks are looking at a solid two years, give or take. No magic shortcuts here, just solid orthodontic science. The...

Continue Reading
Tigo Energy Faces Class Action: Investor Deadline Looms

Updated Category News Views 69

Unpacking Tigo's Rollercoaster: Lawsuit & Market Reaction They sometimes say, "When it rains, it pours." For Tigo Energy, it’s been more a downpour than a drizzle. Here we are, chasing down what's going on with Tigo Energy (NASDAQ:TYGO), fresh off the heels of a class action fuss that's grabbed every investor's attention. If you've got a stake, or even a passing...

Continue Reading
Tuya Gears Up for Q3 Financial Results Amid AI Growth

Updated Category News Views 87

Tuya's Third Quarter: What Are We Watching? Alright, folks, Tuya's about to drop their third quarter financial results like it's a hot potato. Circle November 23, 2026, on your calendars. That's when we'll get the goods on whether this AI cloud heavyweight is coasting or crushing it. Conference Call: The Gathering of Numbers The number-crunching brigade kickstarts at 7:30...

Continue Reading
Deadline Looms for BETR Investors: Take Action Now

Updated Category News Views 13

What’s the Fuss About? Alright folks, let’s lay this out simple: Better Home & Finance Holding Company (NASDAQ: BETR) is in hot water. A class action’s been slapped on them, accusing the firm of sugarcoating its business prospects. If you bought BETR shares between March 13, 2026, and May 7, 2026, you might have a dog in this fight. Buckle up, because the stakes are...

Continue Reading
EICMA 2026: Groundbreaking Moves in Two-Wheel World

Updated Category News Views 88

Revving Up in Milan: A Record-Breaking EICMA If you're into two-wheelers as much as stocks, EICMA 2026 is where all the action is happening. They opened the door with a bang at Fiera Milano Rho, pulling off their biggest showcase yet. Ten halls packed to the brim, up from nine the previous year, creating buzz across the globe. Showcasing 765 exhibitors and 2,142 brands...

Continue Reading
Innovative Breaker Bar Reinvents Torque Application

Updated Category News Views 66

A Fresh Take for Do-It-Yourselfers Ever tried to budge a stubborn bolt and felt like you were arm wrestling a gorilla? This is why a Winter Garden, Florida inventor has stepped up to the plate with the "BREAK IT," an adjustable breaker bar that promises to make this grimy task much smoother. Forget the days of waving around a cumbersome cheater bar. With this gadget,...

Continue Reading

Top 5 Most Recently Viewed Articles

Examining the Securities Fraud Allegations Against Symbotic Inc.

Updated Category News Views 257

Understanding the Current Legal Landscape for Symbotic Inc. Recently, the arena of securities fraud has seen significant action surrounding Symbotic Inc. and its senior executives. The leading plaintiffs' firm has stepped forward, announcing a class-action lawsuit against these parties, alleging potential breaches of federal securities laws, a situation that has caught...

Continue Reading
Bain Capital and CC Capital Battle for Insignia Financial

Updated Category News Views 180

Insignia Financial Sees Surge in Stock Value Recently, the shares of Insignia Financial Ltd (ASX: IFL) soared, reaching a peak not seen in over three years. This surge was primarily fueled by an intense bidding war between private equity giants. Bain Capital's updated offer has brought significant attention to the company's future prospects and the ongoing competition...

Continue Reading
JLL Secures Major Financing for Expanding Industrial Assets

Updated Category News Views 306

JLL's Financing Breakthrough for Industrial Portfolio JLL's Capital Markets group has achieved a significant milestone by securing $357.8 million in acquisition financing for the MDH F3 Arctic Portfolio. This impressive industrial portfolio encompasses 5.5 million square feet and is completely leased across several states. This noteworthy deal illustrates JLL's expertise...

Continue Reading
Exploring the Growing Juice Testing Market Trends and Insights

Updated Category News Views 172

Understanding the Juice Testing Market Growth The juice testing market is projected to grow significantly, with estimates of reaching USD 1.28 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 8.2% from its estimated value of USD 0.86 billion in 2025. The continuous increase is largely driven by rising consumer awareness regarding food safety...

Continue Reading
NCS Multistage Reports Strong Q1 2025 Financial Performance

Updated Category News Views 227

NCS Multistage Holdings, Inc. Shares Impressive First Quarter Results Our story begins with NCS Multistage Holdings, Inc. (NASDAQ: NCSM), which has recently reported its financial performance for the first quarter of 2025, showcasing a transformative period for the company. Total revenues soared to an impressive $50.0 million, marking a significant 14% improvement...

Continue Reading