Citycon to convene an extraordinary general meeting to resolve on the election of two new Board members and to adopt the revised remuneration policy
Citycon will propose the election of the new members to the Board of Directors and the adoption of the revised remuneration policy to the Extraordinary General Meeting to be held on 2 August 2021. The proposals by the Company’s Board of Directors will be found in its entirety from the notice to Citycon’s Extraordinary General Meeting that will be published later on 8 July 2021.
Mr Ball´s Board role would mean a permanent deviation from the current remuneration policy which states that Board members would categorically not participate in the same remuneration or incentive schemes with the company’s executive management. The remuneration policy will be amended in this regard. In addition to ensuring continuity of the management, the annual maximum earnings target for the long-term incentives is defined by the Board at the beginning of each performance period.
VP, Strategy & Investor Relations
Tel. +358 40 823 9497
Citycon is a leading owner, manager and developer of mixed-use centres for urban living including retail, office space and housing. We are committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.4 billion. Our centres are located in urban hubs with a direct connection to public transport. Placed in the heart of communities, our centres are anchored by groceries, healthcare and services to cater for the everyday needs of customers.
Citycon has investment-grade credit ratings from Moody's (Baa3), Fitch (BBB-) and Standard & Poor's (BBB-). Citycon Oyj’s share is listed in Nasdaq Helsinki.