Citycon Board’s asset distribution proposal to the Annual General Meeting
(Published as Stock Exchange Release on 8 February 2018)
The Board of Directors of Citycon Oyj has decided to propose to the Annual General Meeting to be held on 20 March 2018 of the asset distribution as follows.
The Board of Directors proposes that based on the balance sheet to be adopted for the financial period ended on 31 December 2017, no dividend is distributed by a resolution of the Annual General Meeting.
Nonetheless, the Board of Directors proposes that the Board of Directors be authorized to decide in its discretion on the distribution of dividend and assets from the invested unrestricted equity fund in the manner set forth below.
Based on this authorization, the maximum amount of dividend to be distributed shall not exceed EUR 0.01 per share and the maximum amount of equity repayment distributed from the invested unrestricted equity fund shall not exceed EUR 0.12 per share.
The authorization is valid until the opening of the next Annual General Meeting.
Unless the Board of Directors decides otherwise for a justified reason, the authorization will be used to distribute dividend and/or equity repayment four times during the period of validity of the authorization. In this case, the Board of Directors will make separate resolutions on each distribution of the dividend and/or equity repayment so that the preliminary record and payment dates will be as stated below. Citycon shall make separate announcements of such Board resolutions.
|Preliminary payment date||Preliminary record date|
|29 March 2018||22 March 2018|
|29 June 2018||21 June 2018|
|28 September 2018||20 September 2018|
|28 December 2018||14 December 2018|
The dividend and/or equity repayment based on the resolution of the Board of Directors will be paid to a shareholder registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd on the record date of the dividend and/or equity repayment.
Citycon publishes the notice to the Annual General Meeting as a stock exchange release and on the company's website separately.