The delisting of ADRs is the next step in the
company's long-term strategy
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, quotation and/or
registration of the ADRs on another securities exchange or
quotation medium.
Fabio Barbosa, Chief Executive
Officer of Natura &Co, stated: "The planned delisting of Natura
&Co from the New York Stock Exchange is consistent with our
long-term strategy for the business. This move underscores our
continued focus on simplifying our operations to reduce complexity.
We thank Natura &Co investors who held ADRs and look forward to
welcoming many of them as shareholders on the B3 market. Upholding
our dedication to transparency, we will maintain our high
disclosure standards through our listing in Brazil."
About Natura &Co
Natura &Co is a global purpose-driven, group
uniting Natura and Avon. We believe in promoting real positive
economic, social, and environmental impact. We believe that the
world does not need another big company. The world needs symbols of
change capable of blazing new trails and inspiring others to
follow. We believe in the power of cooperation, co-creation, and
collaboration for a better way of living and doing
business.
We are Natura &Co.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities. This press release
may contain forward-looking statements which reflect Natura
&Co's current view on future events and financial and
operational development. Words such as "intend", "expect",
"anticipate", "may", "believe", "plan", "estimate" and other
expressions which imply indications or predictions of future
development or trends, and which are not based on historical facts,
are intended to identify forward-looking statements.
Forward-looking statements inherently involve both known and
unknown risks and uncertainties as they depend on future events and
circumstances. Forward-looking statements do not guarantee future
results or development and the actual outcome could differ
materially from the forward-looking statements. Any forward-looking
statements contained in this press release speak only as at the
date hereof, and Natura &Co does not assume or undertake any
obligation or responsibility to update any forward-looking
statement to reflect events or circumstances after the date hereof
or to reflect the occurrence of unanticipated events.
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content:https://www.prnewswire.co.uk/news-releases/natura-co-announces-intention-to-end-secondary-listing-on-nyse-302038892.html
