HELSINKI, Nov. 26, 2021 /PRNewswire/ -- CITYCON
OYJ Corporate Press Release 26 November 2021
Citycon's share (CTY1S) will be added to the added OMX
Helsinki Benchmark Index 1 December
2021.
The OMX Helsinki Benchmark Index consists of 50 to 70 of the
largest and most traded stocks, representing most sectors. The
index serves as an indicator of the overall trend on the Helsinki
Stock Exchange and is intended to offer a cost-effective index that
an investor can fully replicate. Thus, OMXHB index is especially
attractive for use in investment products and as a comparative
index for investors.
"We are proud to be recognized and added to the OMX Helsinki
Benchmark Index alongside the current list of great companies that
make up this important index. This addition will provide more
visibility for Citycon, allow us to reach a new and broader group
of investors, and shine a spotlight on the great work our team is
doing to execute upon our strategy of owning and developing
best-in-class, necessity-based hubs,'' says Scott Ball, CEO of Citycon.
Citycon continues to execute upon its strategic capital
recycling strategy with the successful repurchase of 9,500,000
shares in a reverse accelerated bookbuild
As published in Citycon's Stock Exchange Release 25 November 2021, Citycon successfully
repurchased 9,500,000 shares for a total purchase price of
EUR 65.8 million in a reverse
accelerated bookbuild. Proceeds will be used from the pending sale
of the Columbus asset in Finland.
"We are very pleased with the execution of this transaction,
which clearly demonstrates our efficient capital recycling acumen.
By selling our Columbus asset above book value, a price
substantially higher than earlier this year, and utilizing a
portion of those proceeds to repurchase our shares at a 40%
discount to our third quarter EPRA NRV, we have created significant
value for all shareholders," says Bret
McLeod, CFO-elect of Citycon.
For further information, please contact:
Peter Dimulkas
Vice President, Marketing & Communications
Phone +46 8 562 532 24
peter.dimulkas@citycon.com
Citycon is the leading owner, developer and manager of
multipurpose urban centres. Our centres in key urban areas combine
retail, office premises and housing with well-functioning traffic
connections. We are committed to sustainable property maintenance,
and the total value of the property portfolio in the Nordic
Countries managed by Citycon is approximately EUR 4.4 billion. Our centres offer daily consumer
goods, health care services as well as other services to meet the
daily needs of our customers.
www.citycon.com
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