Welcome to our dedicated page for Almacenes Exito SA news (Ticker: EXTO), a resource for investors and traders seeking the latest updates and insights on Almacenes Exito SA stock.
The EXTO news page on Stock Titan focuses on regulatory and corporate information related to Almacenes Éxito S.A. as disclosed through its SEC filings. EXTO corresponds to American Depositary Shares of Almacenes Éxito S.A., with each ADS representing eight common shares, and the company reports as a foreign private issuer based in Envigado, Colombia.
Because Almacenes Éxito S.A. uses Form 6-K to furnish current information under the Securities Exchange Act of 1934, many of the most relevant developments for EXTO holders appear in these reports. Recent 6-K filings reference material facts, interim consolidated and separate financial statements, press releases, earnings releases, and earnings presentations, all provided in English translation.
News items linked to EXTO often stem from these 6-K exhibits. For example, material fact documents may describe significant corporate events, while press releases and earnings materials highlight interim financial performance and related announcements. Interim financial statements offer more detailed numerical and narrative disclosures that can be discussed in associated coverage.
By following the EXTO news feed, readers can track how information furnished in Form 6-K reports is reflected in market commentary and corporate updates. This page is useful for investors who want a single place to review articles and updates that reference Almacenes Éxito S.A.’s SEC-reported information, including its material facts, translated financial statements, and earnings-related communications.
Almacenes Éxito (NYSE: EXTO) has announced its Board's approval to voluntarily delist its American depositary shares (ADSs) from the NYSE and deregister under the U.S. Securities Exchange Act. The company plans to file Form 25 with the SEC on December 30, 2024, with delisting expected to become effective ten days later. The last trading day on NYSE is expected to be around January 9, 2025.
The decision stems from the company's reduced free float of 13.2% (1.6% in Colombia, 1.6% in US, and 10% in Brazil) and aims to create a more efficient structure by concentrating trading in the Colombian market. The ADS program, managed by JPMorgan, will terminate on January 21st, 2025. The company's common shares will continue trading on the Colombian Stock Exchange (BVC), while alternatives for its Brazilian BDR program are under evaluation.
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