Covivio Group Group communications Press releases Success of the option of dividend payment with shares chosen by 77.50% of the share capital

Success of the option of dividend payment with shares chosen by 77.50% of the share capital

  • Corporate & Real estate
  • Finance

May 13, 2024

The Combined General Meeting of shareholders held on 17 April 2024 approved the amount of the dividend for 2023 at €3.30 per share, as well as the possibility for each shareholder to opt for payment of the dividend in shares. At the end of the subscription period, open from 23 April 2024 to 7 May 2024 included, 77.50% of the share capital had opted for payment of the dividend in shares[1].

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This transaction, which reflects the renewed confidence of shareholders in Covivio’s strategy, has also further strengthened the Group’s balance sheet: with the addition of the Covivio Hotels capital increase, Covivio will have raised €532 million in equity capital since the beginning of the year. 

[1] The issue price of the new shares has been set at €38.61.
Payment of the dividend and settlement of the new shares will take place on 27 May 2024. The post-transaction number of shares will be 111,463,388.

ContaCtS

Press Relations

Géraldine Lemoine

Tél : + 33 (0)1 58 97 51 00
Mail : geraldine.lemoine@covivio.fr

Louise-Marie Guinet

Tél : + 33 (0)1 43 26 73 56
Mail : covivio@wellcom.fr

Investor Relations

Vladimir Minot

Tél : + 33 (0)1 58 97 51 94
Mail : vladimir.minot@covivio.fr