Enersis And Endesa-Chile Will be the First Chilean Shares to be Traded in Latibex.Business Editors NEW YORK--(BUSINESS WIRE)--December 12, 2001 ENERSIS ENERSIS Energy Systems and Infrastructure S.A. ("Enersis") (NYSE NYSE See: New York Stock Exchange :ENI) and Empresa Nacional de Electricidad S.A. ("Endesa-Chile") (NYSE:EOC EOC Emergency Operations Center EOC Equal Opportunities Commission (UK) EOC Educational Opportunity Center EOC End Of Course EOC Epithelial Ovarian Cancer EOC Environment of Care (JCAHO) ), announced today that their shares will begin to trade on December 17, 2001, on the Bolsa de Madrid See Madrid Stock Exchange. Latin American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. ("Latibex"). Shares of Enersis, and its subsidiary, Endesa-Chile, will begin trading on Latibex, on Monday, December 17, 2001 after overcoming initial Chilean obstacles for conducting such business. The negotiations for listing both securities on the Latibex ended successfully, thanks to the enactment, on November 7, of Chilean Law 19,768 relative to the capital markets. This law eliminated the tax on capital gains for shares traded in both domestic and international stock markets for companies approved by the Chilean Superintendencia de Valores y Seguros ("SVS"). Subsequently, on November 13, 2001, the SVS established that the shares traded on the respective stock markets in London This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since October 2007. , New York and Madrid could all come under the application of this law. Investors will be able to trade shares of both companies on the Latibex. These same shares are traded in the three Chilean stock exchanges. In accordance with Latibex policy, the contract bundle unit will be 50 shares for Enersis, and 30 shares for Endesa-Chile, under the tickers "XENI" (Enersis) and "XEOC" (Endesa-Chile). Santander Central Hispano Bolsa S.A., S.V.B will carry out the role of intermediary specialist for both companies, as of the opening day in Latibex. Enersis and Endesa-Chile will form part of the representative index of the FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. Latibex All Share market. This index includes all the companies traded in the market, and its calculation and distribution are performed in collaboration with FTSE, the index designed and elaborated by the Financial Times Group. Stock Exchange Globalization The presence of shares of Chilean companies in the European market will allow such companies to be traded during most of the day, due to the time differences between Santiago, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Madrid, the three cities where the shares will be traded. Alfredo Llorente, Chairman of Enersis, pointed out that the shares of the Company will gain liquidity, and the Company will benefit from its presence in global markets. In this way, the shares of Enersis and Endesa-Chile will be traded in three different currencies: Chilean Pesos, United States Dollars and Euros. Transactions in Enersis shares on the Bolsa de Comercio de Santiago amount to approximately US$ 1 million on a daily basis. Additionally, approximately 10.8% of Enersis' capital stock is in the form of American Depositary Shares (ADSs) evidenced by American Depositary Receipts (ADRs), traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE) since 1993. Background of Latibex The incorporation of Enersis and Endesa-Chile into Latibex will increase the number of securities which are traded in this market from 17 to 19, currently comprising five countries and a United States territory (Argentina, Brazil, Chile, Mexico, Peru and Puerto Rico). In this manner, Latibex becomes the third largest in market capitalization for Latin American securities, with Euros 84 billion, representing 20% of the capitalization of Spanish securities. |
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