16:45 hrs
Proposals by Citycon's Board of Directors' Nomination Committee to the AGM
Citycon Oyj's Board of Directors' Nomination Committee proposes to the Annual
General Meeting to be held on 11 March 2010 that the number of members of the
Board of Directors be resolved at nine and that all current Directors Mr Ronen
Ashkenazi, Mr Gideon Bolotowsky, Mr Raimo Korpinen, Mr Tuomo Lähdesmäki, Mr
Claes Ottosson, Mr Dor J. Segal, Mr Thomas W. Wernink, Mr Per-Håkan Westin and
Ms Ariella Zochovitzky be re-elected to the Board for a term that will continue
until the closing of the next Annual General Meeting.
Said candidates have given their consent to the election. The candidates'
personal details are available on the corporate website at
www.citycon.com/Board.
Additionally, the Nomination Committee proposes that the remuneration of members
of the Board of Directors remain unchanged and that the Chairman of the Board of
Directors be paid an annual fee of EUR 160,000, the Deputy Chairman EUR 60,000
and ordinary members of the Board EUR 40,000. In addition, the Nomination
Committee proposes that the Chairman of the Board and the Chairmen of the
Board's committees be paid a meeting fee of EUR 700 and the other Board and
committee members EUR 500 per meeting. It is further proposed that members of
the Board of Directors not residing in the Helsinki Metropolitan Area be
compensated accrued travel and lodging expenses as well as other potential costs
related to Board work.
Helsinki, 12 February 2010
CITYCON OYJ
Petri Olkinuora
CEO
For further information, please contact:
Petri Olkinuora, CEO
Tel. +358 20 766 4401 or mobile +358 400 333 256
petri.olkinuora@citycon.fi
Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.fi
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