Material Event Notice: Itaú Chile Files Material Event Notice announcing the termination of the program of its American Depositary Shares (“ADSs”) registered in the United States of America
October 30, 2023 at 05:44 pm
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Santiago, October 30, 2023
GG/ 280 /2023
Mrs.
Solange Berstein Jáuregui
Chairperson
Commission for the Financial Market
Present
Ref.: Material Event Notice - Termination of ADS Program
Dear Mrs. Chairperson,
In accordance with the provisions set forth in articles 9 and 10 of Law No. 18,045 on Securities Markets, and Chapter 18-10 of the Updated Compilation of Norms of the Chilean Commission for the Financial Market (the "CMF"), we inform the following Material Event of Banco Itaú Chile (the "Bank"):
On this same date, the Bank has informed the New York Stock Exchange (the "NYSE") the decision to begin the process to terminate its program of American Depositary Shares ("ADSs") registered in the United States of America, cancel the registration of the ADSs before the Securities and Exchange Commission of the United States of America (the "SEC"), delist the ADSs from the NYSE and terminate the Deposit Agreement under which the ADSs are issued.
This decision was taken by the Bank's Board of Directors, in an ordinary meeting held on October 25, 2023, mainly in consideration of the fact that, on the one hand, approximately 0.97% of the Bank's total common shares currently represent the ADS program and the average trading volume of this program currently represents approximately 2.1% of the average trading volume of the Bank's common shares and, on the other hand, the search for reduction of its operational costs.
For these purposes, Banco Itaú Chile will promptly make the corresponding filings before the SEC and the NYSE, as well as those that would be required in Chile and before the depositary of the ADS program.
Finally, it is stated that the common shares of Banco Itaú Chile are registered in the Registro de Valores of the CMF and are traded and listed (and will continue to be traded and listed) in the Bolsa de Comercio de Santiago and in the Bolsa Electrónica de Chile. In this way, Banco Itaú Chile is subject to compliance with all periodic reporting duties provided for banks and corporations provided for in the legislation and regulations of the CMF that are applicable to it.
Sincerely,
Gabriel Amado de Moura
Chief Executive Officer
Banco Itaú Chile
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Banco ITAÚ Chile published this content on 30 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2023 21:43:17 UTC.
Banco Itau Chile is a Chile-based financial institution (the Bank) engaged in the banking sector. The Bank operates in seven segments: Large, Corporate and Real Estate Companies, which includes companies that belong to major economic groups and specific industries; Companies, which includes leasing, factoring and other financial services for business customers; Traditional and Private Banking, which offers checking accounts, consumer loans, credit cards and mortgage loans; Lower Income Retail Banking, corresponding to operations of Banco Condell, which offers consumer loans, credit cards and mortgage loans; Treasury and International, which comprises treasury activities, such as financial management and funding; Non-Banking Financial Services, which provides services rendered by its subsidiaries, including insurance brokerage, financial advisory and securities brokerage, and Colombia, which includes commercial and retail banking services provided by CorpBanca Colombia and Helm Bank.
Material Event Notice: Itaú Chile Files Material Event Notice announcing the termination of the program of its American Depositary Shares (“ADSs”) registered in the United States of America