COVIVIO (EPA:COV) - Covivio: the option of dividend payment with shares chosen by 82.26% of the share capital

Transparency directive : regulatory news

20/05/2020 19:00

COVIVIO

                                 PRESS RELEASE

                                                       Paris, 20 May 2020

   The option of dividend payment with shares chosen by 82.26% of the share
                                  capital

During the General Meeting of 22 April 2020, the shareholders approved the
amount of the dividend paid in respect of fiscal year 2019 of EUR4.80 per share
as well as the scrip dividend option.

At the end of the fiscal year period, open from 29 April 2020 to 18 May 2020
included, shareholders holding 82.26% of the share capital opted for payment of
the dividend in shares.

Payment of the dividend and settlement and delivery of the new shares will take
place on 22 May 2020. The 7,185,223 new shares1 thus issued will bear rights as
at 1 January 2020 and will be subject to a request for admission for trading on
the regulated Euronext Paris market as well as on the MTA (Mercato Telematico
Azionario) market of the Milan stock exchange. The issue price of new shares
was fixed on 22 April 2020 at EUR47.80, corresponding to 90% of the average
closing price of the 20 sessions of the stock market prior to the Combined
General Meeting, less the amount of the dividend, rounded- up to the nearest
cent of a euro.

This operation represents a capital increase of EUR343 million and once again
illustrates shareholders' confidence in Covivio's strategy.

(1) The total number of issued shares post admission of those new shares will
be 94,488,052.

CONTACTS

Press Relations

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

Laetitia Baudon
Tél : + 33 (0)1 44 50 58 79
laetitia.baudon@shan.fr

Investor Relations

Paul Arkwright
Tél : + 33 (0)1 58 97 51 85
paul.arkwright@covivio.fr

Hugo Soussan
Tél : + 33 (0)1 58 97 51 54
hugo.soussan@covivio.fr

ABOUT COVIVIO

Thanks to its partnering history, its real estate expertise and its European
culture, Covivio is inventing today's user experience and designing tomorrow's
city.
A preferred real estate player at the European level, Covivio is close to its
end users, capturing their aspirations, combining work, travel, living, and
co-inventing vibrant spaces.

A benchmark in the European real estate market with 24 BnEUR in assets, Covivio
offers support to companies, hotel brands and territories in their pursuit for
attractiveness, transformation and responsible performance.
Build sustainable relationships and well-being, is the Covivio's Purpose who
expresses its role as a responsible real estate operator to all its
stakeholders: customers, shareholders and financial partners, internal teams,
local authorities but also to future generations and the planet. Furthermore,
its living, dynamic approach opens up exciting project and career prospects for
its teams.

Covivio's shares are listed in the Euronext Paris A compartment (FR0000064578 -
COV) and on the MTA market (Mercato Telematico Azionario) of the Milan stock
exchange, are admitted to trading on the SRD, and are included in the
composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100
indices, in the "EPRA" and "GPR 250" benchmark European real estate indices,
EPRA BPRs Gold Awards (financial + Sustainability), CDP (A), Green Star GRESB
and in the ESG FTSE4 Good, DJSI World & Europe, Euronext Vigeo (World 120,
Eurozone 120, Europe 120 and France 20), Euronext(r) CDP Environment France EW,
Oekom, Ethibel, Sustainalytics and Gaïa ethical indices.
Covivio is rated BBB+/Stable outlook by Standard and Poor's.

Notations solicited:
Financial part:         BBB+ / Stable outlook by Standard and Poor's
Extra-financial part: A1+ by Vigeo-Eiris

covivio.eu

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19/04/2024 14:30

COVIVIO (EPA:COV) - Covivio: the option of dividend payment with shares chosen by 82.26% of the share capital

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