Mexico-based Cox Energy America, the first photovoltaic solar energy company to be listed on a Latin American stock exchange, officially begins listing its representative shares of the company’s share capital in the Spanish market.
The listing process will be in the BME Growth, a sub-market of Bolsas y Mercados Españoles (BME),
It is a platform that allows growing small and medium-sized (SMEs) companies to access the capital markets.
The authorization to list the company on the Spanish market comes after the approval of the Third Item on the Meeting Agenda, which recognizes and approves each of the procedures, promotions, arrangements, and acts that are necessary or convenient to carry out the dual listing on the BME Growth exchange. With a special set of regulations, BME Growth is designed specifically for SMEs with costs and processes tailored to their particular characteristics.
This transaction is subject to the aforementioned procedure being carried out in compliance with the applicable legislation and, in general, maintaining the subscription of all documents, execution of procedures, publications, notices and/or any other necessary or convenient acts.
Commenting on the upcoming listing, José Antonio Hurtado de Mendoza, Cox Energy América’s CEO, stated:
“Cox Energy America’s dual listing will allow us to access to a greater number of investors, increasing the visibility and marketability of the stock and thus, we will be able to offer a greater return to our shareholders. I am convinced that the Company has the talent, structure and tools necessary to be able to operate actively in both the Mexican and Spanish stock markets.”
We will continue to seek capitalization options that guarantee our growth, managing a portfolio of projects that allows us to supply the region’s short- and long-term renewable energy needs, while operating under the highest ESG standards” he added.
Cox Energy América (formerly Cox Energy México) is a photovoltaic renewable solar energy generation company incorporated on March 4, 2015 and listed on the Mexican Institutional Stock Exchange (BIVA).
The company develops, promotes, and operates photovoltaic plants in several Latin American countries, with a presence in Mexico, Chile, Colombia, Guatemala, Central América, and the Caribbean.
It has a unique portfolio of company-owned projects of 2.1 GWp capacity (1.8 GWp attributable) in different stages of development, generating and marketing 100% renewable energy.
The company is part of the corporate group headed by Cox Energy Solar (a company incorporated in Madrid, Spain, on July 24, 2014) and seeks to be a player in the renewable energy market, mainly solar photovoltaic, in well-established, stable and attractive markets.