Natura &Co announces intention to end secondary listing on NYSE [Yahoo! Finance]
Natura &Co Holding S.A. American Depositary Shares (NTCO)
Company Research
Source: Yahoo! Finance
SÃO PAULO 18 January 2024 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that its Board of Directors has approved a plan to end the company's secondary listing of American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE), while maintaining its primary listing of common shares on the B3 stock exchange in São Paulo. In line with the company's long-term strategic objectives of simplifying operations, Natura &Co has decided to discontinue its secondary listing on the NYSE, as the vast majority of Natura &Co trading activity is concentrated on the B3 stock exchange. The decreasing trading volume of Natura &Co ADRs on the NYSE no longer makes maintaining the listing a compelling option. The delisting is expected to be effective 10 days after the filing with the U.S. Securities and Exchange Commission (the "SEC") of a Form 25. Natura &Co expects the NYSE to suspend trading in the ADSs on or about 9 February 2024 Natura &Co has not arranged for listing, qu
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