TRAXIÓN ANNOUNCES THE CANCELLATION OF A PORTION OF THE SHARES ACQUIRED BY ITS SHARE REPURCHASE FUND

Mexico City, February 09, 2023 – Grupo TRAXIÓN, S.A.B. de C.V. (“TRAXIÓN” or the “Company”) (BMV: TRAXION A), the leading logistics, transportation and mobility company in Mexico announces that it intends to cancel a portion of the shares acquired via its share repurchase fund and that are currently held in the treasury.

 

TRAXIÓN’s management will recommend that the Board of Directors approves and submits, to the next General Ordinary Shareholders’’ Meeting in April 2023, the cancellation of up to 35,000,000 of TRAXION series A shares (BMV ticker: TRAXIONA), which represents 6.44% of total shares issued. After the proposed cancellation, there will be 508,478,261 authorized and issued shares, and 476,037,476 shares outstanding. The shares subject to such cancellation have an average acquisition price of $21.32 MXN as of today.

 

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Miranda Newswire – Full Press Release: Download PDF

 

Contacts:

Antonio Tejedo

Investors

ir@traxion.global

Alejandra Méndez

Media

a.mendez@traxion.global

Tel: +52 55 5046 7900

http://traxion.global

 
About the Company
TRAXIÓN is the leading transportation and logistics company in Mexico. It offers a one-stop solution through the broadest and most diverse service portfolio in the country. TRAXIÓN’s platform operates three main business segments: mobility of cargo, logistics and technology, and mobility of personnel. The Company has 10 highly recognized brands for their leadership in different sector niches. TRAXIÓN was founded in 2011 and ended the 3Q22 with an average fleet of 9,652 power units, 607,563 square meters of warehousing space, national reach, more than 1,000 clients, and over 19,000 employees. TRAXIÓN’s most important competitive advantages are having an experienced and committed management team, being the only consolidator in a highly fragmented industry, being the only institutional company in a sector dominated by family-owned companies and having a diversification premium.
Disclaimer
This document may contain forward-looking statements that involve risks and uncertainties. Words such as “estimate”, “project”, “plan”, “believe”, “expect”, “anticipate”, “seek”, and other similar expressions must be identified solely as forward-looking statements. Grupo TRAXIÓN warns readers that the statements or estimates mentioned in this document, or stated by the Grupo TRAXIÓN management team, are subject in their entirety to risks and uncertainties that are out of the Company’s control and may cause its results to differ materially from the management’s expectations. These forward-looking statements reflect the Company’s judgment as of the date of this release. Grupo TRAXIÓN reserves the right to update the information herein contained in this document or derived from it as it deems appropriate. Grupo TRAXIÓN’s past or present performance is not an indicator that guarantees its future performance.”

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