CITYCON OYJ Inside information 19 November 2019 at 16:20 hrs
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014
Reference is made to (i) the stock exchange notice dated 7 November 2019 announcing a conditional tender offer by Citycon Oyj (the Offeror) for the bond issue CITYT01 issued by its wholly owned subsidiary Citycon Treasury B.V. which matures on 1 March 2021 and (ii) the stock exchange notice dated 18 November 2019 announcing an update on the conditional tender offer .
The Offeror has decided to accept offers for a total nominal amount of NOK 900,000,000 worth of CITY01 bonds at a purchase price of 101.40% of par value plus accrued unpaid interest (the Purchase Price). Bonds offered at the highest accepted price got 90.4% allocation.
Cash settlement to tendering bondholders will take place on 22 November 2019.
CITY01 bonds purchased by the Offeror pursuant to the conditional tender offer will be immediately cancelled and will not be re-issued.
Danske Bank A/S has acted as Sole Arranger for the conditional tender offer process.
For further information, please contact:
Executive VP and CFO
Tel. +358 50 557 9137
IR and Communications Director
Tel. +358 40 838 0709
Citycon is a leading owner, manager and developer of urban, grocery-anchored shopping centres in the Nordic region, managing assets that total approximately EUR 4.4 billion. Citycon is the number one shopping centre owner in Finland and among the market leaders in Norway, Sweden and Estonia. Citycon has also established a foothold in Denmark.
Citycon has investment-grade credit ratings from Moody's (Baa3) and Standard & Poor's (BBB-). Citycon Oyj’s shares are listed on Nasdaq Helsinki Ltd. stock exchange.
Important regulatory notice
The tender offer process and the distribution of this announcement and other information in connection therewith may be restricted by law in certain jurisdictions. The Offeror does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
This information is subject to the disclosure requirements set out in section 5-12 of the Norwegian Securities Trading Act.