Covivio Hotels launches its share buyback program for 2025

Covivio Hotels announced the launch of a share buyback program, authorized by the Combined General Meeting of April 15, 2025. This program, validated for a period of 18 months, is capped at €200 million, with a maximum unit purchase price of €35. The shares concerned are listed on Euronext Paris. This program has several objectives, including share cancellation, listing regularity, and use in merger transactions.

The company has already entrusted ODDO BHF and NATIXIS with the implementation of a liquidity contract to ensure stable listing. The program's legal framework is based on several European and French regulations, including the Market Abuse Regulation.

As of April 2025, Covivio Hotels held 3,310 shares under its liquidity agreement and was prepared to purchase up to 14,813,814 additional shares. The terms allow for various forms of acquisition, including on regulated markets. Financing will be provided by Covivio Hotels' own resources or through debt, if necessary.