LATAM Airlines to proceed with re-listing ADRs, secondary sale

[Pelican Press 0]

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LATAM Airlines to proceed with re-listing ADRs, secondary *****

(Reuters) – LATAM Airlines said on Tuesday it intends to proceed with the process of re-listing ********* Depositary Receipts (ADRs) in tandem with the first secondary ***** under the so-called registration rights agreement, which certain shareholders requested.

The Santiago-based carrier started the process of re-listing ADRs on the new York Stock Exchange in April and said back then that the process could take up to six months.

In a filing to Chile’s stock exchange, the company said it intends to re-list ADRs at the same time as the secondary ***** will take place, but pointed out that it is uncertain when those events will take place.

About the secondary *****, LATAM Airlines said in the statement that it will occur exclusively in the ******* States and other jurisdictions outside of Chile, and it will be done through the emission of new ADRs.

(Reporting by Anthony Esposito; Writing by Aida Pelaez-Fernandez; Editing by Brendan O’Boyle)

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LATAM Airlines,********* Depositary Receipts,secondary *****
#LATAM #Airlines #proceed #relisting #ADRs #secondary #*****

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