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Covivio : Description of the share buy-back program authorized by the Combined Ordinary and Extraordinary Shareholders’ Meeting held on 16 April 2026
Covivio : Description of the share buy-back program authorized by the Combined Ordinary and Extraordinary Shareholders’ Meeting held on 16 April
About this update from Covivio Sa
Paris, 16th April 2026 Description of the share buy-back program authorized by the Combined Ordinary and Extraordinary Shareholders' Meeting held on 16 April 2026 Overview of the main features of the share buy - back program Issuer Covivio ("Covivio" or the "Company") Share listing Euronext Paris - Compartment A Shares concerned Covivio Shares (ISIN Code: FR0000064578) Authorization of the transaction Combined Ordinary and Extraordinary Shareholders' Meeting of 16 April 2026 Decision to implement Board of Directors' decision of 15 April 2026, subject to the approval of the seventeenth resolution by the Ordinary and Extraordinary General Meeting of 16 April 2026 Maximum amount of funds allocated to the share buy-back program €500,000,000 Maximum purchase price per share €85 (excluding acquisition costs) Main objectives of the share buy-back program Implementation of a liquidity contract entered into with an investment services provider under the conditions and in accordance with the procedures provided by regulations and established market practices; Allocation to executive corporate officers or employees of the Company and/or companies belonging to its group; Delivery of shares upon exercise of rights attached to securities giving the right to the allocation of shares; Holding and payment or exchange in connection with possible external growth, merger, demerger or contribution transactions; Cancellation of shares; Use in connection with any other practice that may be authorized by law or the Autorité des marchés financiers or any other purpose that may be authorized by applicable law or regulation. Duration of the program Eighteen (18) months starting from the Combined Ordinary and Extraordinary Shareholders' Meeting, i.e. until 15 October 2027 Pursuant to Article 241-2 of the Règlement général de l'Autorité des marchés financiers (AMF), the purpose of this document is to describe the aims and terms of the share buy-back program authorized by the Combined Ordinary and Extraordinary Shareholders' Meeting of Covivio held on 16 April 2026. Information on the share buy - back program Aims of the share buy-back program and use of the shares repurchased The aims of the share buy-back program authorized by the seventeenth resolution approved by the Combined Ordinary and Extraordinary Shareholders' Meeting of 16 April 2026 are the following: to allocate shares to...