AUDAX RENOVABLES WILL CELEBRATE ITS INVESTOR DAY
The meeting will take place in Madrid, on the 28th of May and is aimed to analysts and investors
Audax Renovables, S.A. (“Audax Renovables” or the “Company”) informs that on 28 May 2019 it will celebrate its Investor Day. The meeting, which will take place at 10.30 am (CET) in Madrid’s The Westin Palace Hotel, located on Plaza de las Cortes, 7, will be aimed to analysts and institutional investors.
After holding the Ordinary General Meeting, where the shareholders reviewed the excellent results for the year 2018 and where the main course of action for 2022 was presented, the Company will celebrate for the first time its Investor Day.
As it has been announced to the market through the communication of significant events published by the CNMV on 28 February 2019 and on 29 March 2019, Audax Renovables aims to continue its growth strategy based on the future development of the renewable energy production business as well as on pursuing various acquisition opportunities in the supply business, through a combination of operations on the debt and equity markets, with the latter allowing to increase the free float to a reasonable level.
For this purpose, Audax Renovables has designated BNP Paribas to be its adviser on matters pertaining to corporate finance services and capital structure, as well as to explore possible transactions to be carried out by the Company in the equity capital markets.
The Company will inform soon about more details about this event submitting its communication to the CNMV and posting them on the corporate website of Audax Renovables (www.audaxrenovables.com).
The presentation for analysts and investors will be made public through communication to the CNMV and will be posted on the abovementioned corporate website of Audax Renovables.
Badalona, 7 May 2019
More about Audax Renovables
Audax Renovables is the result of a merger between Audax Renovables itself and Audax Energía, which gave rise to an energy group whose business are focused on electricity and gas suplying as well as on the production of 100% renewable energy.
About Audax Renovables, S.A.
Audax Renovables, S.A. was incorporated in the year 2000 and is mainly involved in generating electricity from 100% renewable sources.
In 2003 the shares of Audax Renovables were admitted to trading on the secondary market of the Barcelona Stock Exchange and in 2007 they were included in the SIBE (integrated stock exchange system) of the Madrid Stock Exchange. Now the shares are traded on the Spanish continuous market at ADX.MC.
In August 2016 Audax Energía, S.A., after acceptance of the take-over bid by 70.86% of the Audax Renovables, S.A.’s share capital, became the majority shareholder of the latter.
Today Audax Renovables handles a portfolio of operating plants of 185 MW in Spain, France and Poland, of which 1 MW corresponds to solar energy and the rest to wind farms. Audax Renovables owns a portfolio of operating assets of high technological quality and an average age of 9 years.
For more information, please visit www.audaxrenovables.com