SENDAS ANNOUNCES INTENTION TO VOLUNTARILY DELIST ITS AMERICAN DEPOSITARY SHARES FROM NYSE
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2024
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Should l Buy ?
Source: Newsfilter
Company Delisting Announcement: Sendas Distribuidora S.A. plans to voluntarily delist its American Depositary Shares from the NYSE, transitioning to a Level 1 ADR program and focusing on trading in Brazil's Novo Mercado due to concentrated trading activity.
Future Operations and Governance: The company will continue to uphold high governance standards and keep shareholders informed while filing necessary forms for deregistration with the SEC, aiming for effective delisting by January 9, 2025.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
