Business
G City Ltd. announces a mandatory public cash tender offer for all the outstanding shares and stock options in Citycon Oyj
G City Ltd. announces a mandatory public cash tender offer for all the outstanding shares and stock options in Citycon Oyj
About this update from G City Ltd.
Nasdaq Helsinki LtdAnnouncement from the exchangeG City Ltd. announces a mandatory public cash tender offer for all theoutstanding shares and stock options in Citycon OyjG City Ltd. announces a mandatory public cash tender offer for all theoutstanding shares and stock options in Citycon OyjG City Ltd. Stock exchange release 2 December 2025 at 10:15a.m. EETNOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY ORINDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, ORSOUTH AFRICA, OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BEPROHIBITED BY APPLICABLE LAW. FOR FURTHER INFORMATION, PLEASE SEE SECTIONENTITLED “IMPORTANT INFORMATION” BELOW.G City Ltd. announces a mandatory public cash tender offer for all theoutstanding shares and stock options in Citycon OyjG City Ltd. (“G City” or the “Offeror”) published a stock exchange release on 3November 2025 regarding its share purchase made on 3 November 2025, throughwhich it acquired a total of 14,182,052 shares in Citycon Oyj (“Citycon” or the“Company”). As a result of the share purchase, G City's shareholding inCitycon, together with the shares held by G City's fully owned subsidiary,Gazit Europe Netherlands BV (“Gazit Europe Netherlands”) and Chaim Katzman,exceeded 50 per cent of the voting rights carried by shares in Citycon, therebyobligating G City to launch a mandatory public tender offer for all othershares and securities issued by Citycon entitling to shares in Citycon inaccordance with Chapter 11, Section 19 of the Finnish Securities Market Act(746/2012, as amended, “SMA”). As of the date of this announcement, G City,Gazit Europe Netherlands and Chaim Katzman hold in aggregate 106,678,704 sharesin the Company, corresponding to approximately 58.11 per cent of alloutstanding shares and voting rights in the Company.G City hereby announces a mandatory public cash tender offer for all the issuedand outstanding shares in Citycon that are not held by Citycon or any of itssubsidiaries (the “Shares") and for all the issued and outstanding stockoptions in Citycon that are not held by Citycon or any of its subsidiaries (the“Stock Options")(the “Tender Offer”). Holders of the Shares will be offered acash consideration of EUR 4.00 for each Share validly tendered in the TenderOffer (the “Share Offer Price”). Holders of the Stock Options will be offered acash consi...