Flagging notification pursuant to Chapter 9, Section 10 of the Securities Markets Act
HELSINKI, December 28, 2021 / PRNewswire / –
CITYCON OYJ Stock Exchange Release December 28, 2021 at 10:30 pm
Citycon Oyj (“Citycon” or “Company“) has received December 28, 2021 the following notification pursuant to Chapter 9, Section 5 of the Securities Markets Act, according to which Gazit-Globe Oy’s direct holding in Citycon’s shares will decrease to less than fifty (50) percent.
The change of ownership is due to a share purchase agreement between Gazit-Globe Ltd and its wholly owned subsidiary Gazit Europe Netherlands BV, according to which Gazit-Globe Ltd. at a later stage and at the latest June 30, 2022 or at another time agreed by the parties to sell 17,285,000 Citycon shares to Gazit Europe Netherlands BV under certain conditions and at a price to be determined in accordance with the share purchase agreement. The conclusion or subsequent execution of the share purchase agreement does not affect the total direct and indirect holdings of Gazit-Globe Ltd.
Gazit-Globe Ltd. is ultimately controlled by Norstar Holdings Inc., which is ultimately controlled Chaim Katzman. In addition to the 70,274,016 shares and 17,285,000 shares to be transferred under the purchase agreement held by Gazit-Globe Ltd, it holds 35,771 shares. Chaim Katzman have been taken into account in this notice.
Citycon has one series of shares, where each share carries one vote. The total number of shares and votes is 168,498,525.
According to the announcement, the shareholding of Gazit-Globe Ltd:
% of shares and votes |
% of shares and votes |
Both together% |
|
The resulting situation on the day the threshold was exceeded or reached |
Gazit-Globe Ltd .: 41.71% Additional shares held by Chaim Katzman: 0.02% |
Gazit Europe Netherlands BV (a wholly owned subsidiary of Gazit-Globe Ltd): 10.26% |
51.96% 0.02% |
Location of previous notification (if applicable) |
Gazit-Globe Ltd .: 51.96% Additional shares held Chaim Katzman: 0.02% |
51.96% 0.02% |
|
Reported information on the situation after the threshold was exceeded:
A: Shares and voting rights |
||||
Category / type |
Number of shares and voting rights |
% of shares and votes |
||
share ISIN code (if possible) |
Straight (SMA 9: 5) |
Indirect (SMA 9: 6 and 9: 7) |
Straight (SMA 9: 5) |
Indirect (SMA 9: 6 and 9: 7) |
FI4000369947 |
######### |
41.71% |
||
FI4000369947 |
35,771 |
0.02% |
||
SUBTOTAL |
######### |
41.73% |
B: Financial instruments under SMA 9: 6a |
|||||
Type of financial instrument |
Aging |
Practice / |
Physical or cash payment |
Number of shares and voting rights |
% of shares and votes |
Date |
Conversion period |
Controlled entities through which shares, voting rights and financial instruments are effectively controlled:
Name |
% of shares and votes |
% of shares and votes through financial instruments |
Both together |
Chaim Katzman |
0.02% |
0.02% |
|
Norstar Holdings Inc |
|||
Gazit-Globe Ltd. |
51.96% |
51.96% |
|
ALL IN TOTAL |
51.98% |
51.98% |
CITYCON CORPORATION
For more information, contact:
Laura Jauhiainen
director, strategy and investor relations
Tel. +358 40 725 7573
[email protected]
Citycon is a leading owner, manager and developer of multi-purpose urban housing centers, including retail, office and residential space. We are committed to sustainable property management in the Nordic countries, with a total of approx EUR 4.5 billion. Our city center is located in urban hubs with direct access to public transport. Our centers, located in the heart of our communities, provide groceries, healthcare and services that serve the everyday needs of our customers.
Citycon has investment grade credit ratings from Moody’s (Baa3), Fitch (BBB-) and Standard & Poor’s (BBB-). Citycon Oyj’s share is listed on Nasdaq Helsinki.
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