(Cox Energy, 12.Jul.2021) — Cox Energy América, S.A.B. de C.V. (BIVA: COXA*), a renewable solar energy (photovoltaic) generating company, informs that it begun the preferred subscription rights process for holders of common and registered shares, which have no face value and are identified by the ticker (BIVA: COXA) (BMV: COXA), following the capital increase approved during Cox Energy América Shareholders’ Extraordinary General Meeting, which took place on 22 March 2021 (“Capital Increase”).
Following the Capital Increase, the company will offer up to 18,469,536 single series class “II” common and registered shares, which have no face value, priced at $34.00 (thirty-four pesos (00/100 M.N.) per share.
Cox Energy América’s shareholders will be able to exercise their preferred right in the Capital Increase, in proportion to their current holdings, from 12 July 2021 until 26 July 2021 (the “Preferential Right”); and in the case that there are still shares pending subscription and payment, once the established period had concluded, the company’s shareholders who claim this right, will have an additional period of 10 (ten) calendar days, starting on the date that the Board of Directors gives notice of the remaining shares, to subscribe and pay for said shares (the “Additional Preferential Right”).
For further details, please consult the Subscription Notice published by the Company on the Bolsa Institucional de Valores de México (BIVA) and the Ministry of Economy. SUBSCRIPTION NOTICE
Enrique Riquelme Vives, Chairman of the Board of Directors of Cox Energy América commented: “This capital increase will help us execute our 2020 – 2024 Strategic Plan, which focuses on the development, operation and generation of photovoltaic energy projects, which will allow Cox Energy to secure our leading position in the market.” He added: “Additionally, the capital increase will contribute to reinforce the stock liquidity plan for COXA, seeking to increase the stock’s performance, while continuously seek the highest return for our shareholders.”
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