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TZA Direxion Daily Small Cap Bear 3X Share New

13.4599
-0.7601 (-5.35%)
27 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Direxion Daily Small Cap Bear 3X Share New AMEX:TZA AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.7601 -5.35% 13.4599 13.9999 13.28 13.58 29,408,731 00:59:41

Trading of TV Azteca ADRs on the New York Stock Exchange Expected to Be Suspended on July 18, 2005

25/06/2005 1:20am

PR Newswire (US)


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Trading of TV Azteca ADRs on the New York Stock Exchange Expected to Be Suspended on July 18, 2005 MEXICO CITY, June 24 /PRNewswire-FirstCall/ -- TV Azteca, S.A. de C.V. (BMV: TVAZTCA; NYSE: TZA; Latibex: XTZA), one of the two largest producers of Spanish-language television programming in the world announced that, effective June 17, 2005, The Bank of New York (BONY) gave notice of termination of TV Azteca's ADR program to the holders of TV Azteca's American Depositary Receipts (ADRs). Upon such notice of termination, BONY discontinued issuing new ADRs, by filing a Post-Effective Amendment to Form F-6 with the United States Securities and Exchange Commission. Additionally, the deposit agreement was amended to reduce to 60 days the period during which holders may exchange ADRs for CPOs traded on the Mexican Stock Market (BMV). As was previously announced, at an Extraordinary Shareholders' Meeting held on June 1, 2005, 99.85% of TV Azteca's shareholders approved the termination of the ADR program, after an analysis and discussion of the costs and benefits of continued listed in the U.S. capital markets. Pursuant to the termination of the deposit agreement, the NYSE is expected to suspend trading of the ADRs in the United States on or about July 18, 2005. ADR holders will have 60 days to exchange their ADRs for CPOs traded on the BMV. Upon the expiration of the 60-day period, BONY will be allowed to sell the CPOs underlying the ADRs that were not surrendered and distribute the proceeds of such sale to holders. Company Profile TV Azteca is one of the two largest producers of Spanish language television programming in the world, operating two national television networks in Mexico, Azteca 13 and Azteca 7, through more than 300 owned and operated stations across the country. TV Azteca affiliates include Azteca America Network, a new broadcast television network focused on the rapidly growing US Hispanic market, and Todito.com, an Internet portal for North American Spanish speakers. Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Risks that may affect TV Azteca are identified in its Form 20-F and other filings with the US Securities and Exchange Commission. DATASOURCE: TV Azteca CONTACT: Investors: Bruno Rangel, +52-55-1720-9167, , or Rolando Villarreal, +52-55-1720-0041, , or Press: Tristan Canales, +52-55-1720-1441, , or Daniel McCosh, +52-55-1720-0059, , all of TV Azteca Web site: http://www.tvazteca.com.mx/

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