Business | OCTOBER 5, 2018
Grupo Argos and its subsidiaries Argos and Celsia, once again received the IR Issuer Recognition (Investor Relation) of the Colombian Stock Exchange, BVC, for their adoption of best practices in information disclosure and investor relations.
This IR seal aims to highlight those who meet the highest standards of corporate governance, especially those that have to do with providing sufficient and adequate information for the investing public.
To achieve this, it is essential to have a communication channel that allows the issuer to position the company, as well as strengthen trust and credibility among the investment community.
Among the requirements to access to the to Recognition, is to reveal additional information to that required in an ordinary way, in English and Spanish on its website, keeping it timely updated, having a delegate to answer the inquiries of investors, both in Spanish language as an English language, publish financial statements (balance sheet and income statement) with consolidated figures on a quarterly financial results delivery events.
The companies of Grupo Empresarial Argos reaffirm their confidence in their long-term strategy and business plan.
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Over the course of 2024, the ordinary shares of Grupo Argos have appreciated by 10.5%, while the preferred shares have seen an increase of 22%. In the case of Cementos Argos, ordinary shares have increased by 5% and preferred shares by 27%. Finally, the share of Celsia has experienced an appreciation of 12%.
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The transaction was promoted by Grupo Argos in its role as an asset manager and majority shareholder of Cementos Argos, marking a significant milestone in the company's history of growth and value creation since its entry into the U.S. market in 2005.
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