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4-Traders Homepage  >  Equities  >  SANTIAGO STOCK EXCHANGE  >  Vina Concha y Toro SA    CHT   CLP9796J1008

VINA CONCHA Y TORO SA (CHT)
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Vina Concha y Toro SA : Notice Regarding Effectiveness of Voluntary Delisting of American Depositary Receipts ("ADRs") from the New York Stock Exchange ("NYSE")

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07/13/2018 | 12:16am CEST

SANTIAGO, CHILE / ACCESSWIRE / July 12, 2018 / Viña Concha y Toro S.A. ("Viña Concha y Toro" or the "Company") (NYSE: VCO) today announced that the voluntary delisting of its ADRs from the NYSE became effective prior to the opening of trading on July 12, 2018 (Eastern Time in the U.S.) as scheduled, following the filing of its application on Form 25 with the U.S. Securities and Exchange Commission on July 2, 2018 to delist from the NYSE. Please see below for details.

Image: https://www.accesswire.com/users/newswire/images/505146/concha001.jpg

1.Effective Date of Delisting of ADRs from the NYSE

July 12, 2018

2. Stock Exchangeson which Viña Concha y Toro will maintain its listings

Viña Concha y Toro will maintain its listings on the Santiago Stock Exchange, the Chilean Electronic Stock Exchange and the Valparaíso Stock Exchange. The Company has not otherwise arranged for the listing of the ADRs, American Depositary Shares or shares of its common stock on another national securities exchange in the United States or for quotation of such securities in any other quotation medium.

3. Future Plans

As previously reported, Viña Concha y Toro has also directed The Bank of New York Mellon, as depositary ("BNYM"), to terminate Viña Concha y Toro's ADR facility. The effective date of the termination of the ADR facility is expected to be on or around September 28, 2018. Prior to such termination, ADR holders are entitled to surrender their ADRs to BNYM for cancellation, and upon payment of the applicable fees, taxes and charges as provided in the deposit agreement, receive the underlying shares of common stock of Viña Concha y Toro. Following termination of the deposit agreement, BNYM will discontinue registration of transfers of the ADRs and suspend the distribution of dividends to ADR holders. Holders of ADRs should contact BNYM or, to the extent holding ADRs through a bank, broker or other nominee, should contact such bank, broker or nominee with any questions regarding the ADRs.

The Company's reporting obligations under applicable U.S. securities laws will continue after the delisting and the termination of the ADR facility. Following satisfaction of the relevant deregistration conditions under the applicable U.S. securities laws, Viña Concha y Toro intends to terminate its reporting obligations under the applicable U.S. securities laws and deregister all classes of its registered securities. The Company intends to release further information on such deregistration and termination of reporting obligations at a later date.

Viña Concha y Toro reserves the right, for any reason, to delay these filings, to withdraw them prior to effectiveness, and to otherwise change its plans in respect of delisting, termination of the ADR facility and deregistration and termination of reporting obligations in any way.

For further inquiries, please contact:

Enrique Ortúzar

General Counsel

Tel +562 2476 5141

[email protected]

Claudia Cavada Sossa

Head of Investor Relations

Tel +562 2476 5768

[email protected]

About Viña Concha y Toro S.A.

Viña Concha y Toro S.A. is aglobal leading winery, headquartered in Santiago de Chile. With sales in 140countries and a multi-origin portfolio from operations located in Chile, theUnited States, and Argentina, Viña Concha y Toro is the main producer and exporterof Chilean wine.

SOURCE: Viña Concha y Toro S.A.


© Accesswire 2018
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Financials (CLP)
Sales 2018 657 B
EBIT 2018 79 719 M
Net income 2018 64 499 M
Debt 2018 213 B
Yield 2018 1,75%
P/E ratio 2018 22,89
P/E ratio 2019 16,34
EV / Sales 2018 1,96x
EV / Sales 2019 1,83x
Capitalization 1 075 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 1 377  CLP
Spread / Average Target -2,4%
EPS Revisions
Managers
NameTitle
Eduardo Guilisasti Gana Chief Executive Officer
Alfonso Larraín Santa María Chairman
Osvaldo Solar Venegas Chief Financial Officer
Daniel Durán Urízar Director-Information Technology & Controlling
Marcelo Papa Cortesi Director-Technical
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