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Grupo Éxito is listed for the last time on the NY Stock Exchange this Wednesday
Wednesday, January 1, 2025 - 09:00
Foto Europa Press

The last trading day on the NYSE is brought forward one day earlier than expected. After this date, Almacenes Éxito certificates will no longer be listed or traded on the stock exchange.

Colombian company Almacenes Éxito has announced that Wednesday, January 8, will be the last day of trading of its US stock certificates on the US stock market, thus concluding the process of delisting that began in December.

As planned, the company filed a Form 25 with the U.S. Securities and Exchange Commission (SEC) on December 30, 2024 to delist its certificates from the New York Stock Exchange.

The last day of trading on the New York Stock Exchange is thus brought forward one day earlier than expected. After this Wednesday, January 8, Almacenes Éxito certificates will no longer be listed or traded on the New York Stock Exchange.

The Board of Directors decided to deregister the Company's securities under the United States Securities Exchange Act, after taking into account a number of considerations, including the Company's current low free float (13.2%), which is distributed between Colombia with 1.6%, the United States with 1.6% and Brazil with 10%, which represents an opportunity for the Company to look towards a more efficient structure for all stakeholders.

The Company's decision to embark on a process of delisting and deregistration of its securities was not motivated by costs or concerns about compliance with the requirements and regulations required to maintain a listing on the New York Stock Exchange or on the other stock exchanges where it has a presence.

The proposal is focused on facilitating a more efficient structure, concentrating its float on the Colombian market, which is its natural market, to increase the liquidity of its shares and maximize the return to all its shareholders.

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Europa Press