Covivio's New Share Buy-Back Program Authorized

On April 16, 2026, Covivio's Combined Ordinary and Extraordinary Shareholders' Meeting authorized a new share buy-back program. The decision, supported by the board on April 15, allows Covivio to repurchase its shares up to a total of €500 million, with a cap of €85 per share, excluding acquisition costs.

The program has several objectives, such as allocation to executives, delivery upon exercise of securities rights, and facilitating external growth. It also includes potential share cancellations and maintaining market stability through a liquidity contract with BNP Paribas Financial Markets. Covivio aims to repurchase no more than 10% of its share capital and has set the program to run until October 15, 2027.

The initiative aligns with various regulations, including the EU's market abuse rules and the AMF's guidelines. Covivio currently holds 71,983 shares through a liquidity contract and 772,503 shares for employee stock plans.