Covivio Hotels: Share Buyback Program Approved by Shareholders

Covivio Hotels has announced a share buyback program as authorized by its General Meeting on April 14, 2026. The company can repurchase up to €200 million in stock with a maximum price of €35 per share. The program aims to stabilize stock liquidity, facilitate potential mergers, and possibly cancel shares to optimize capital.

The buyback will last 18 months, ending on October 13, 2027. Initially, Covivio holds 6,810 shares under a liquidity contract. No derivatives have been utilized in past buybacks. The acquisition strategy includes market and off-market purchases and may extend up to 10% of the company’s capital.

Notably, the initiative aligns with European regulations to ensure transparency and prevent market abuse. Covivio Hotels will finance these acquisitions through its own resources, supplemented by debt if necessary.