Covivio's Share Buy-back Program Approved by Shareholders

Paris, 17 April 2025 - Covivio, a key player in the European real estate market, has announced the authorization of a new share buy-back program. The program, approved by the Combined Ordinary and Extraordinary Shareholders’ Meeting on 17 April 2025, allows for allocating up to €500 million, with each share's maximum purchase price set at €85, excluding costs. The total number of shares to be acquired cannot exceed 10% of the company’s share capital.

The buy-back program aims to support various corporate strategies, including liquidity enhancement and stock allocations to employees and executive officers. It also provides a mechanism for strategic transactions such as mergers or acquisitions and potential share cancellation. Covivio holds a liquidity contract with BNP Paribas Financial Markets to manage price volatility, allocating 91,858 shares and €5,090,773 for this purpose at the program's onset.

The duration of the program is set for eighteen months, concluding on 16 October 2026. The shares can be purchased via regulated markets or over-the-counter options, adhering to financial regulations. This strategic financial maneuver is part of Covivio’s ongoing efforts to optimize financial performance while responding to market conditions and corporate needs.