Citycon Oyj: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act
CITYCON OYJ Stock Exchange Release 12 March 2026 at 21:00 hrs
Citycon Oyj ("Citycon" or the "Company") has received on 12 March 2026 the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act according to which G City Ltd.'s holding of shares in Citycon has increased over 2/3 on 12 March 2026.
G City Ltd. commenced a mandatory public tender offer on 2 January 2026 for all the issued and outstanding shares and stock options in Citycon Oyj. The tender offer became unconditional on 2 February 2026. Consequently, the 50,076,363 shares validly tendered and not validly withdrawn in the tender offer have been transferred to G City today on 12 March 2026 upon the completion trades of the tender offer.
The shares acquired through the completion trades of the tender offer, together with the current holdings of G City, G City's fully owned subsidiary Gazit Europe Netherlands, and Chaim Katzman, represent in aggregate a holding of 158,665,652 shares, corresponding to approximately 86.43 per-cent of all the shares and voting rights in Citycon Oyj.
No stock options of Citycon were tendered in the tender offer.
Chaim Katzman's holdings as stated in this notification were also in effect on 3 November 2025.
Citycon has one series of shares in which each share carries one vote. The total number of shares and votes is 183,569,011.
The holding of shares of G City Ltd. according to the notification:
|
|
|
|
|
|
| % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both in % |
| Resulting situation on the date on which threshold was crossed or reached | G City Ltd. 66.60 Gazit Europe Nether-lands B.V. (fully owned subsidiary of G City Ltd.) 19.77 Additional shares held by Chaim Katzman 0.06 |
| 66.60
19.77
0.06 |
| Position of previous notification (if applicable) | G City Ltd. 37.67 Gazit Europe Nether-lands B.V. (fully owned subsidiary of G City Ltd.) 19.77 Additional shares held by Chaim Katzman: 0.07 |
| 37.67
19.77
0.07 |
Notified details of the resulting situation following the crossing of the threshold:
| A: Shares and voting rights | ||||
| Class/type of ISIN code (if possible) | Number of shares and voting rights | % of shares and voting rights | ||
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI4000369947 | 122,263,718 |
| 66.60 |
|
| FI4000369947 | 36,285,000 |
| 19.77 |
|
| FI4000369947 | 116,934 |
| 0.06 |
|
| SUBTOTAL A | 158,665,652 |
| 86.43 |
|
| B: Financial Instruments according to SMA 9:6a | |||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| SUBTOTAL B | |||||
The controlled undertakings through which the shares, voting rights and financial instruments are effectively held:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Chaim Katzman | 0.06 | - | 0.06 |
| Norstar Holdings Inc. | 0.00 | 0.00 | |
| G City Ltd. | 66.60 | - | 66.60 |
| Gazit Europe Nether-lands B.V. | 19.77 | - | 19.77 |
| TOTAL | 86.43 | 86.43 |
CITYCON OYJ
For further information, please contact:
Hilik Attias
CFO
Contact requests through:
Anni Torkko
Director, Group Corporate Analysis & IR
Tel. +358 45 358 0570
anni.torkko@citycon.com
Citycon is a leading owner, manager and developer of mixed-use real estate featuring modern, necessity-based retail with residential, office and municipal service spaces that enhance the communities in which they operate. Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 3.8 billion. Our centres are located in urban hubs in the heart of vibrant communities with direct connections to public transport and anchored by grocery, healthcare and other services that cater to the everyday needs of customers.
Citycon's shares are listed on Nasdaq Helsinki Ltd.