Citycon Oyj commences an Equity Buyback Plan for 30,000,000 shares, representing 17.86% of its issued share capital, under the authorization approved on March 21, 2023.

Citycon Oyj (HLSE:CTY1S) commences share repurchases on August 7, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 21, 2023. As per the mandate, the company is authorized to repurchase up to 30,000,000 shares, representing 17.86% of its issued share capital. The purpose of the program is to distribute capital to enhance value for all shareholders.

Only the unrestricted equity of the company can be used to repurchase own shares or using derivatives. The authorization is valid until the close of next Annual General Meeting, however, no longer than until June 30, 2024, and it revokes all earlier authorizations to repurchase.