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Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents
Provider: Thomson Reuters StreetEvents
Provider: MarketLine (a Datamonitor Company)

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Citycon Oyj Announces Final Results of Rights Issue

Wednesday, 13 Mar 2013 04:45am EDT 

Citycon Oyj announced that all offered 114,408,000 shares were subscribed for in the Company's rights issue completed on March 7, 2013. A total of 114,033,710 shares were subscribed for in the primary subscription representing approximately 99.7% of the shares offered. A total of 58,058,317 shares were subscribed for in the secondary subscription, of which subscriptions for 374,290 shares were approved. The subscriptions amounted thus to approximately 150.4% of the shares offered in total. The gross proceeds raised by Citycon in the rights issue were approximately EUR 200 million. The Board of Directors of Citycon has approved all primary subscriptions made in the rights issue between February 21, 2013 and March 7, 2013, and decided to approve secondary subscriptions made by Citycon's shareholders or other investors in accordance with the terms and conditions of the rights issue. Following the registration of the new shares in the Finnish Trade Register, the number of Citycon's shares will amount to 441,288,012 shares. All shares subscribed for in the rights issue have been fully paid for. 

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