Covivio Reports High Shareholder Participation in Dividend Payment with Shares

Covivio, a notable real estate firm, announced a successful dividend payment option in shares following its Combined General Meeting on April 17, 2024. Shareholders approved a dividend rate of €3.30 per share with the option to receive this dividend in the form of shares.

This offer was well-received, with 77.50% of the share capital opting for the dividend payment in shares during the subscription period from April 23 to May 7, 2024. This option translated into a significant equity capital raise for Covivio, totaling €532 million since the start of the year, bolstered by a capital increase from Covivio Hotels.

The operation not only reflects shareholder confidence in Covivio's strategic plans but also enhances the company's financial health. The newly issued shares were priced at €38.61, with the payment and settlement scheduled for May 27, 2024. Following this transaction, the total number of shares will increase to 111,463,388.