securities and exchange act of 1934 – Finance Colombia https://www.financecolombia.com Connecting Colombia to the global capital markets, analysts, economists, investors, and executives that matter Wed, 03 Jun 2020 14:24:27 +0000 en-US hourly 1 https://www.financecolombia.com/wp-content/uploads/2016/01/cropped-Favicon-32x32.png securities and exchange act of 1934 – Finance Colombia https://www.financecolombia.com 32 32 Avianca Claims NYSE Delisting Won’t Directly Affect Colombian Stock Market Investors https://www.financecolombia.com/avianca-claims-nyse-delisting-wont-directly-affect-colombian-stock-market-investors/ Wed, 03 Jun 2020 13:58:06 +0000 https://www.financecolombia.com/?p=20578 Avianca Holdings S.A. (NYSE: AVH, BVC: PFAVH) has informed that as reported on May 12, 2020, the New York Stock Exchange (“NYSE”) suspended trading of the American Depositary Shares (“ADSs”) and requested the Securities and Exchange Commission (“SEC”) to deregister the ADSs once certain procedures are finalized.

Avianca confirms that, by means of a notice from the NYSE pursuant to Form 25-NSE, Avianca received notice that all the conditions precedent to delisting set forth under SEC Rule 12d2-2(b) have been satisfied, the Company’s ADSs were deregistered under Section 12 (b) of the Securities Exchange Act of 1934.

In addition, as set forth in the airline’s filing information dated May 18, 2020, as of this date, Avianca says are unaware of any implication or effect that the NYSE’s decision could have on a Colombian investor, since all the mechanisms for negotiation in respect the Company’s preferred shares in the Colombia Securities Exchange, or BVC (Bolsa de Valores de Colombia) remain in place.

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