Citycon Oyj
Citycon Issues 36,713 New Shares as a Part of the Company’s Share-based Incentive Plan

Citycon Oyj 

29.05.2012 15:30

Dissemination of a Adhoc News, transmitted by DGAP - a company of
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The issuer is solely responsible for the content of this announcement.

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CITYCON OYJ        Stock Exchange Release    29 May 2012 at 16.30 hrs

Citycon Oyj issues 36,713 new shares as a part of the company's long-term
share-based incentive plan 2007-2010. The shares are issued to 14 Citycon Group
key employees as a directed share issue without payment. 

Citycon Oyj's Board of Directors established on 26 April 2007 a share-based
incentive plan for the Group's key employees and decided on 9 February 2010 on
the prolongation of said plan with one more year to cover the financial year
2010. Citycon's Board of Directors confirmed the share incentives that shall be
granted for the last earning period 1 January-31 December 2010 in July 2011.
Today, the Board of Directors has decided to grant all share incentives yet to
be paid under the plan meaning the last installment of the incentives for the
incentive period 2009 and the second and third, i.e. the last two thirds of the
share incentives for the earning period 2010. 

On 21 March 2012, Citycon Oyj's Annual General Meeting authorised the Board of
Directors to issue new shares through a share issue, which can also be a
directed issue, either against or without payment. 

The Board of Directors of the company has on 29 May 2012 granted to the persons
participating in the incentive plan the share incentives in accordance with the
terms and conditions of the incentive plan by means of a directed share issue
without payment comprising 36,713 new shares in the company. 

The new shares are expected to be registered with the Trade Register on 31 May
2012 and are expected to be admitted for public trading on the NASDAQ OMX
Helsinki on 1 June 2012. Following the registration, the number of Citycon
shares will increase to 277,848,010. Under the decision by the Finnish
Financial Supervisory Authority dated 25 May 2012, the company has been granted
an exemption from the duty to publish a listing prospectus regarding the issued
shares. The directed share issue without payment will be executed in full as
there are no counter-performances related to the issue. 

The shares issued under the share issue are of the same class as the other
shares in the company. The shares issued by the company will entitle to
shareholders' rights once entered in the Trade Register. The share issue does
not change the share capital of the company. 

Helsinki, 29 May 2012

CITYCON OYJ
Board of Directors


For further information, please contact:
Eero Sihvonen, Executive Vice President and CFO
Tel. +358 20 766 4459 or mobile +358 50 557 9137
eero.sihvonen@citycon.fi

Distribution:
NASDAQ OMX Helsinki
Major media
www.citycon.com
News Source: NASDAQ OMX



29.05.2012 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Citycon Oyj
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009002471
WKN:          
 
End of Announcement                             DGAP News-Service
 
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