Companies within Grupo Empresarial Argos have executed over USD 100 million in their share repurchase programs

• To date, Grupo Argos has repurchased 13.6 million shares for a total amount of COP 160 billion, Cementos Argos has repurchased more than 30 million shares valued at COP 210 billion, and Celsia has repurchased 13 million shares with an investment of over COP 50 billion.
• In the last 12 months, the price of Grupo Argos’ ordinary shares has increased by 80%, preferred shares by 94%, Cementos Argos’ ordinary shares by 155%, and Celsia’s shares by 54%.

As part of their commitment to value creation for shareholders, the companies within Grupo Empresarial Argos continue to advance their share repurchase programs approved by their Shareholders’ Assemblies. These programs include an investment of more than COP 1 trillion, of which over COP 420 billion has already been executed, equivalent to nearly USD 100 million, representing a 30% progress rate. Grupo Argos has repurchased 13.6 million shares for a total amount of COP 160 billion, representing 1.5% of its outstanding shares. Cementos Argos and Celsia have repurchased over 30 million and 13 million shares, investing COP 210 billion and over COP 50 billion, respectively.

It is noteworthy that during the first half of the year, Cementos Argos’ Shareholders’ Assembly approved an increase of COP 375 billion to its repurchase program, originally launched in 2023 with COP 125 billion, bringing the total up to COP 500 billion. The repurchases executed by Cementos Argos so far, combined with the successful conversion of 99.8% of its preferred shares into ordinary shares, have increased Grupo Argos’ economic stake in the company from 51.3% at the end of 2023 to 53.4%. This 2% increase in stake, at current market values, represents more than COP 200 billion.

The implementation of share repurchase plans, combined with solid financial results and the realization of strategic transactions, has contributed to the doubling of the market capitalization of Grupo Empresarial Argos’ companies over the past 12 months.