Natura&Co reported on Wednesday that its board of directors has approved the termination of the company’s ADRs program.
According to Natura&Co, the termination of the ADR program and the intention to cancel its registration with the SEC, the US capital markets regulator, do not affect the listing of its ordinary shares on B3.
The company’s board of directors also approved the termination of the deposit agreement signed on November 1, 2019 with the Bank of New York Mellon, the group added in a material fact.
The effective date of termination of the deposit agreement will be August 7, 2024.
Source: Terra
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