Audax Renovables Announces Share Buyback Program

Madrid, Spain - April 18, 2023

Audax Renovables S.A. (ADX), a leading renewable energy company, announced today that its Board of Directors has approved a share buyback program to repurchase up to 800,000 shares of the company's stock.

The buyback program, which has a total value of approximately €1 million, is designed to enhance shareholder value and optimize the company's capital structure. Audax Renovables intends to purchase the shares on the open market over the next six months.

Commenting on the buyback program, José Elías, Chairman and CEO of Audax Renovables, said: "We believe this share buyback program is a prudent and strategic move that will benefit our shareholders. By repurchasing our shares, we are returning capital to our investors while also investing in the long-term growth of our company."