Covivio (ENXTPA:COV) commences share repurchases on December 17, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 22, 2020. As per the mandate, the company is authorized to repurchase up to €150 million. The shares will be repurchased at a price of €135 per share.

The shares will be repurchased for allocation to company's employees and corporate officers, or of companies belonging to its group, will be issued upon the exercise of rights attached to the securities, for use as payment or exchange up to a limit of 5% of the capital specifically within the context of external growth, merger, split or contribution operations, for maintaining liquidity of company's shares and for cancellation. The repurchase program will be valid for a period of 18 months starting from the Ordinary and Extraordinary Shareholders' Meeting, i.e. until October 21, 2020.