Audax Renovables S A : launches a bond repurchase programme of up to 50 million

▪ The company aims to optimise the level of available cash and the volume and cost of financial debt, while providing liquidity to bondholders who may be interested in divesting.

NOVEMBER 16, 2023.- Audax Renovables (ADX.MC), the Spanish vertically integrated energy group with 100% renewable generation and electricity and gas supply to customers in 7 European countries, has launched a bond repurchase programme for a maximum amount of up to 50 million of "Issue Number 2 of Senior Unsecured Notes of Audax Renovables, S.A. 2020", representing a total of 500 bonds with a nominal amount of €100,000 each.

The aim of this debt repurchase programme is, amongst others, to optimise the level of available cash, the volume and cost of the company's debts through the proactive management of financial liabilities in the capital markets, as well as to provide liquidity to the bonds and therefore to bondholders who may be interested in divesting.

The company's Board of Directors has agreed to a maximum duration of 12 months for the repurchase programme, although it reserves the right to finalise it if the maximum number of authorised bonds has been acquired before the expiry of the period. Following the publication of its results to September, in which it doubled its EBITDA to 77 million, the company now has a good liquidity position and is making progress towards its debt reduction target.

PKF Attest Capital Markets, S.V., S.A. will be the manager of the Buyback Programme and will purchase the Bonds on behalf of the Company.

The finalisation or extension of the Repurchase Programme, as well as the bond purchase transactions carried out under it, will be duly communicated to the market by means of the corresponding notifications.

For more information:

Roman

Ginés Cañabate [e-mail] | ([phone]

Patricia González [e-mail] | ([phone]

About Audax Renovables

Founded in 2000, Audax Renovables is a vertically integrated Spanish energy group that generates 100% renewable energy and supplies electricity and gas to customers in 9 countries.

It currently has a portfolio of wind farms and photovoltaic plants in operation, under construction and in various stages of development in Spain, Portugal, Italy, France, Poland and Panama, totalling 1.4 GW. In its commercialisation activity, the group chaired by José Elías Navarro supplies electricity and gas to more than 373,000 customers in Spain, Portugal, Italy, Germany, Poland, Holland and Hungary, and leads the SME segment in Spain as an independent marketer. Audax began trading on the Spanish secondary market in 2003, and in 2007 it made the leap to the continuous market. It is currently included in the IBEX Small Cap® and MSCI World Small Cap® indices, has a market capitalisation of over 500 million and a team of approximately 800 professionals.