Citycon's share capital reduction and amendment to the Articles of Association
registered
Decisions taken by Citycon's Annual General Meeting on 5 April 2005 on the
reduction of the company's share capital through cancellation of own shares and
on the amendment to Articles 3 and 12 of the Articles of Association were entered
in the Trade Register today.
Share capital was reduced by EUR 5,229,900 from EUR 156,780,033.30 to EUR
151,550,133.30 through cancellation without payment of 3,874,000 Citycon shares
held by the company. The reduction of the share capital was executed by
transferring the total nominal value of the cancelled shares to share premium
fund with no effects on the restricted shareholders' equity. The reduction of the
share capital had no effect on the distribution of shareholdings and voting
rights in the company, since the cancelled shares were held by the company.
Article 3 of the Articles of Association was amended so that the maximum share
capital of the company is EUR 500,000,000 and Article 12 was amended so that the
notice to a general meeting shall be submitted to the shareholders by means of an
advertisement published in at least one nationwide newspaper appearing in
Helsinki. Attached Annex shows the exact wording of the amendments. In other
respects, the Articles of Association remain unchanged.
CITYCON OYJ
Petri Olkinuora
CEO
Additional information: Petri Olkinuora, GSM +359 400 333 256
Distribution: Helsinki Stock Exchange and main media
ANNEX
New wording of the Articles 3 and 12.1 of the Articles of Association:
Article 3: The minimum share capital of the company is one-hundred million euros
(EUR 100,000,000) and the maximum share capital is five-hundred million euros
(EUR 500,000,000), within which limits the share capital may be increased or
reduced without amending the Articles of Association.
Article 12 Section 1: The notice to a general meeting shall be submitted to the
shareholders by means of an advertisement published in at least one nationwide
newspaper appearing in Helsinki.
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