Nordic listed retail specialist Citycon said on Tuesday that its EUR 91 mln rights issue was successfully completed with orders representing 144% of the shares offered.
Nordic listed retail specialist Citycon said on Tuesday that its EUR 91 mln rights issue was successfully completed with orders representing 144% of the shares offered.
According to the preliminary result, 99.5% of the offered shares were subscribed for in the primary subscription and the remaining shares in the secondary subscription.
'We are very pleased with the continued investor interest towards the company. The outcome of the rights issue was very good,' commented Marcel Kokkeel, Chief Executive Officer of Citycon.
The proceeds of the rights issue will be used to finance future redevelopment projects, possible acquisitions, to strengthen the balance sheet, pay down debt and for other general corporate purposes.
