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THE WHAT? Natura &Co has introduced its plan to terminate its secondary itemizing of American Depositary Shares (ADSs) on the New York Inventory Change (NYSE) whereas conserving its major itemizing of atypical shares on the B3 inventory alternate in São Paulo.
THE DETAILS The delisting from the NYSE is anticipated to be efficient roughly ten days after Natura &Co file a Type 25 with the U.S. Securities and Change Fee, with buying and selling of the ADSs on the NYSE anticipated to be suspended round February 9, 2024.
THE WHY? Fabio Barbosa, Chief Govt Officer of Natura &Co, said that the delisting from the NYSE is in step with the corporate’s technique to simplify operations. He thanked the buyers who held ADRs and expressed hope for his or her continued assist as shareholders within the B3 market. Regardless of the delisting, Natura &Co plans to keep up excessive requirements of disclosure and transparency by means of its itemizing in Brazil.
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