Grupo Empresarial Argos’ share repurchase programs deliver more than COP 750 billion in benefits to all shareholders

• Grupo Argos has executed 49% of its share repurchase program, Cementos Argos 67%, and Celsia 30%.
• These repurchase programs are part of the organization’s comprehensive value-unlocking strategy for all shareholders, which also includes, among other initiatives, portfolio simplification and specialization, dividend programs, and the development of a project pipeline totaling more than COP 40 trillion.

With more than 53% execution of their share repurchase programs and a cumulative amount of COP 759.5 billion, Grupo Empresarial Argos’ companies are moving decisively forward with strategies focused on unlocking value for their shareholders. In total, Grupo Argos has repurchased more than 16 million common shares and 2 million preferred shares, while Cementos Argos and Celsia have repurchased more than 77 million shares.

This initiative—together with the consistent execution of the organization’s strategy—has supported the performance of the companies’ shares on the Colombian Stock Exchange. Over the past two years, Grupo Argos’ preferred share has appreciated by 190% and the common share by 160%, while Cementos Argos’ share has increased by 250% and Celsia’s by 40%.

This mechanism is part of the measures announced by the organization to continue unlocking value for shareholders, since—as companies repurchase their own shares at current market prices—shareholders’ ownership stakes increase, while also adding greater dynamism and liquidity to the Colombian market.