This process is expected to be completed by January 9, 2025.
Almacenes Éxito SA today informed its shareholders and the market in general that, in line with what was revealed on December 20, 2024, it has filed Form 25 with the US Securities and Exchange Commission (the SEC), declaring its intention to withdraw its American Depositary Shares (ADS) from the New York Stock Exchange (NYSE).
According to the information provided by the company, the delisting of the ADSs from the NYSE is expected to be effective ten calendar days after this filing. “The last day of trading for the ADSs on the NYSE is expected to be January 9, 2025”Éxito detailed in its statement.
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Likewise, starting January 10, 2025, the company’s ADSs will begin trading on the over-the-counter market. Éxito has also notified its depositary, JPMorgan Chase Bank NA (JPMorgan), to proceed with the termination of your ADS program, process that will be effective on January 21, 2025 at the close of operations.
“The last day of over-the-counter trading for the Company’s ADSs is expected to be January 17, 2025,” the statement said. Subsequently, Éxito does not intend to apply for listing or registration of its securities on an exchange. of national securities of the United States, nor its quotation in a quotation medium in that country.
JPMorgan has issued a termination notice to all ADS holders with relevant information on the actions required in this process.
Recently, the Grupo Éxito revealed its investment and transformation plans for next year, with the aim of consolidating and strengthening its brands in the Colombian market.
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Carlos Calleja, executive president of Grupo Éxito, announced that in 2025 nearly 100 million dollars will be invested. This capital will be allocated, among other objectives, to the transformation of 50 Éxito and Carulla brand establishments.
Finally, so far in 2024, 27 of the 30 planned stores have already been renovated, and it is planned to complete the total reconversion of the points of sale in a period of approximately four years.
Source: Integrated Information System
