Cox

Cox / Cox expects to set the price of its shares today with a new ...

Cox expects to set the price of its shares today with a new offer size of €175 million, ahead of planned listing on 14 November

  • The Company will set the price within the announced range.
  • A supplement to the Prospectus has been approved by the CNMV and published today setting a new offer size of €175 million.

 

Madrid, Spain, 12th November 2024 – Cox ABG Group, S.A (the “Company” or “Cox” and, collectively with itssubsidiaries, the “Group”), a vertically and horizontally integrated utility of water and energy, is expected to announce today the pricing of its Initial Public Offering (the “IPO” or the “Offering”) within the announced range of between 10.23 and 11.38 euros per share, aiming to ensure a balanced book . Asupplement to the Prospectus has been approved by the CNMV and published today, setting a new offer size of €175 million. Including the Over-Allotment Option of up to €17.5 million euros (10% of the new offer size), the total volume of the offering could amount to €192.5 million euros.

As previously announced, the Company has received binding cornerstone investor commitments from institutional investors, both national and international, who have valued, among other things, its good positioning in a sector with strong potential such as water, as well as the support of current shareholders. The binding cornerstone commitments are for the following amounts:

 • Amea Power LLC: €30 million
• Corporación Cunext Industries, S.L.: €20 million
• Enrique Riquelme: €15 million
• Alberto Zardoya: between €5 and €10 million, at the discretion of Alberto Zardoya

Additionally, Cox continues to have support from Attijariwafa Bank for up to €5 million, subject to compliance
with applicable internal regulations and approval processes, as well as local domestic law.

The conservative approach of the Company to the offer size aims to achieve a successful allocation and allow
Cox to focus on its aftermarket performance, given the current challenging market.

The process is progressing accordingly and the Company is expected to deliver pricing imminently. The admission to listing and trading of the Shares on the Spanish Stock Exchanges is scheduled for Thursday 14th November.

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Luis Arizaga Zárate

Independent Director

Member of the Audit Committee

Date of appointment: September 17, 2024

Shareholding in Cox Abg Group, S.A.: 11,514 shares

Partner of Exus Management Partners (Exus) and GenuX Power, a global renewable energy platform with offices in nine countries, managing 11GW of installed capacity, including 2.6GW in Mexico between wind and solar energy projects. Holds a Master of Business Administration (MBA) from the Leonard N. Stern School of Business at NYU in New York, and a bachelors degree in Accounting and Finance from ITESM in Mexico.

Prior to joining EXUS in 2019, he founded EIRA Capital, an investment platform focused on Energy and Infrastructure transactions in Mexico, and Latin America. He was also part of Australia’s Macquarie Group in Latin America, where he spent more than 7 years in the Macquarie Capital and Macquarie Funds divisions, working on fund capital raising, equity investments, asset management activities, as well as third party advisory roles on energy and infrastructure transactions in Mexico and Latin America. During his years at Macquarie, he also held board positions in the several investments made by Macquarie which covered energy, public private partnerships, roads, and telecom companies. In addition, his previous involvement at financial institutions include positions in the investment banking teams of Deutsche Bank’s M&A group in New York, and Citibank’s M&A group in Mexico.

Other former relevant positions include his role as independent member of the investment committee of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican mortgages and housing government agency).

Enrique Riquelme Vives

Presidente Ejecutivo

Fecha de nombramiento: 17 de septiembre de 2024

Participación en el capital social de Cox Abg Group, S.A.: 50.612.744  acciones

COX

Presidente Ejecutivo de Cox, tras iniciar su andadura profesional en el sector inmobiliario y de la construcción, en 2010 fundó Grupo El Sol en Panamá, especializado en operaciones de minería, cemento, infraestructuras y energía. Con el tiempo, la empresa se convertiría en el mayor proveedor de arena de la UTE responsable de la ampliación del canal de Panamá. Posteriormente, pasó a liderar las fases de oferta y desarrollo de Rainbow 50: el proyecto fotovoltaico de mayor envergadura ejecutado en América Latina hasta aquel momento.

Ha recibido varios galardones por su contribución al mundo empresarial en España, entre ellos el Premio del Certamen Nacional de Jóvenes Emprendedores 2018. También ha sido distinguido como uno de los «100 latinos más influyentes comprometidos con la acción climática» y uno de los «100 españoles más creativos del mundo de los negocios» según la revista Forbes. Actualmente, es miembro del Consejo Internacional de la San Telmo Business School y preside el Consejo Asesor de la Fundación Scholas para Panamá, Centroamérica y Caribe.