CITYCON OYJ Stock Exchange Bulletin 30.10.2003, 1.15 p.m.
CITYCON SELLING
COMPANY-HELD SHARES AS PART OF THE FINANCING
ARRANGEMENTS FOR THE ACQUISITION
OF A SHOPPING CENTRE
Citycon Oyj's Board of Directors decided on 30 October
2003, on
the basis of an authorisation granted by the annual general
meeting of 20 March 2003, to surrender 3,874,000 Citycon shares
held by the
company for sale in public dealing by the Helsinki
Exchanges. Citycon is
selling the shares as part of the financing
arrangements for the purchase of
the Jyväskylän Forum shopping
centre.
The shares will be surrendered in
suitable batches after the
publication of a decision in accordance with
section 7:5 of the
Companies Act. The shares will be handed over at no less
than
their market price at the time of surrender, which price shall be
determined in public trading by the Helsinki Exchanges.
The authorisation
granted by the annual general meeting has been
entered in the Trade Register
and it is valid till 20 March 2004.
The authorisation applies to all
company-held Citycon shares. The
surrender is, in accordance with the
authorisation, possible in
cases other than that of a shareholder having
pre-emption rights
over company shares. Furthermore, according to the
authorisation,
the shares may be surrendered by sale in public trading of
securities by the Helsinki Exchanges.
CITYCON OYJ
Board of
Directors
Further information: CEO Petri Olkinuora, Tel. +358 400 333
256
Distribution: Helsinki Exchanges, main media
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