Covivio announces that its AGM on April 17 approved the payment of a dividend of 3.30 euros per share for 2023, as well as the option to receive payment of this dividend in shares, contributing to the strengthening of the property company's balance sheet.

The issue price of the new shares to be delivered in payment of the dividend is set at 38.61 euros. The option may be exercised from April 23 to May 7, with payment of the dividend in cash and settlement-delivery of the new shares scheduled for May 27.

Most of the shareholders (43% of the capital) represented on the Board of Directors have already committed to subscribing to the option. Covivio's balance sheet will thus be strengthened by a capital increase of between 142 and 331 million euros.

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