Cifra Changes Name to Wal-Mart de Mexico.
NEW YORK--(BUSINESS WIRE)--March 9, 2000
J.P. Morgan, as depositary bank, is pleased to announce the name change of Cifra, S.A. de C.V.'s over-the-counter American depositary receipts (ADRs) to Wal-Mart de Mexico, S.A. de C.V.
ADR effective date: March 9, 2000 Old Symbol: CFRVY New Symbol: WMMVY Traded on: OTC Ratio: 1 ADS: 10 Series V shares Old CUSIP: 171785 40 5 New CUSIP: 93114W 10 7 Share class: Series V shares Par value: No par value Country of incorporation: Mexico Industry: Retail; general merchandise Depositary: Morgan Guaranty Trust Company of New York Custodian: Banco Nacional de Mexico, Mexico
As this is just a name change, no new ADRs will be distributed. Existing ADRs remain valid and do not need to be exchanged for new ones.
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An ADS, or American depositary share, is a U.S. dollar-denominated form of equity ownership in a non-U.S. company. It represents a specified number of foreign shares on deposit at a custodian bank in the issuer's home country and carries the corporate and economic rights of the underlying foreign shares. An ADR, or American depositary receipt, is a certificate evidencing ownership of a certain number of ADS shares. The term ADR is sometimes used to refer to ADS.
Neither this announcement nor the information contained herein constitutes an offer or solicitation by J.P. Morgan for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. Information herein is believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy.