DECLARATION OF A CHANGE IN A HOLDING IN

Citycon Oyj Stock Exchange Release 11.11.2003 10.45 a.m. This is a translation of Citycon's release of November 11, 2003. DECLARATION OF A CHANGE IN A HOLDING IN ACCORDANCE WITH CHAPTER 2 SECTION 10 OF THE SECURITIES MARKETS ACT In accordance with chapter 2 section 10 of the Securities Markets Act, we declare that Citycon Oyj has received from Kesko Corporation a notification dated 11 November 2003, in accordance with chapter 2 section 9 of the Securities Markets Act, in which Kesko Corporation has declared the following: Kesko Corporation and its subsidiaries Center-yhtiöt Oy and Hämeenkylän Kauppa Oy have sold all the Citycon Oyj shares in their possession. The company's combined holding in Citycon Oyj's equity and voting rights has therefore declined below the lowest holding limit set in chapter 2 section 9 of the Securities Markets Act. The subject company's full name: Citycon Oyj The subject company's business and association code: 0699505-3 Date on which the holding has changed: 11.11.2003 The declared holding is now as follows: Declaring party Number of Percentage of Percentage of shares equity voting rights Kesko Corporation 0 0% 0% Center-Yhtiöt Oy 0 0% 0% Hämeenkylän Kauppa Oy 0 0% 0% Combined total 0 0% 0% The share capital of Citycon Oyj is comprised of a total of 105,777,858 shares and the shares confer a total of 105,777,858 voting rights. Notifying parties' full names, business ID and association code, and Trade Register number: Kesko Corporation, business ID: 0109862-8, Trade Register number: 90.470, Center-Yhtiöt Oy, business ID: 0146825-4, Trade Register number: 68.701, subsidiary of Kesko Corporation, and Hämeenkylän kauppa Oy, business ID: 0115344-7, Trade Register number: 92.679, subsidiary of Kesko Corporation. CITYCON OYJ Petri Olkinuora CEO Tel. +358 400 333 256 Distribution: Helsinki Exchanges, Financial Supervision

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