GCO to distribute a special dividend of €4.65 per share

"The Board of Directors of GCO, at its meeting on 9 December 2025, has agreed to distribute a special dividend, charged against the 2025 financial year results, of €4.65 gross per share, payable on 17 December 2025."

The GCO Board has also taken note of the outcome of the voluntary public takeover bid for all GCO shares made by Inoc, S.A. (Inocsa) on 27 March 2025.

In view of the outcome of the offer, the GCO Board has decided to distribute a dividend, on an exceptional basis and charged against the 2025 financial year results, of €4.65 gross per share, reflecting its strong capital position. GCO will continue to rely on prudent and efficient risk management while complying with various regulatory requirements. The dividend will be payable on 17 December 2025.

The offer achieved a 94.27% acceptance rate among the GCO shares targeted, following which Inocsa announced on 5 December 2025 that it would exercise the right of compulsory acquisition over the remaining shares not yet under its control and targeted by the offer, at a price of €49.75 per share, subject, if applicable, to a downward adjustment in the gross per-share amount of any dividend distributions. The compulsory acquisition transaction will be executed on 30 December, with settlement on 2 January 2026. Accordingly, this price will be adjusted for GCO’s special dividend of €4.65, resulting in €45.10 per share.