Grupo Argos launches a liquidity formation program for its common and preferred shares

• This new program, which will begin operations on September 24, is part of Grupo Argos’ comprehensive value-creation strategy for its shareholders. Over the past decade, this strategy has included more than 25 streamlining and focus transactions worth over USD 2 billion, the reduction of consolidated net debt to near-zero levels, the execution of share repurchase programs, as well as the SPRINT initiatives for Cementos Argos and EnergizarC for Celsia.
• The share repurchase programs approved by the shareholders’ meetings of Grupo Argos, Cementos Argos, and Celsia, totaling COP 1 trillion, will continue to be executed. To date, more than COP 768 billion have been allocated on a consolidated basis to this initiative.

Grupo Argos announced that the Colombian Stock Exchange has authorized the liquidity formation program for its common and preferred shares. The program will be operated by Credicorp Capital and aims to increase the tradability of the shares through the constant presence of firm buy and sell orders placed by the market maker. This mechanism supports the price formation of Grupo Argos’ common and preferred shares, which in turn translates into benefits for all of the company’s shareholders.

The liquidity formation program is already in place at Cementos Argos, Grupo Argos’ cement company, where it has helped to promote liquidity and mitigate stock price volatility by facilitating investors’ entry and exit in the market.

This initiative is part of the company’s comprehensive strategy to consistently create and unlock value for its shareholders.