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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Contacts:
Antonio Tejedo
Investors
Alejandra Méndez
Media
Tel: +52 55 5046 7900