LATAM Airlines is contemplating a secondary sale of shares by certain stakeholders as part of its ongoing initiatives to reopen and relist its ADRs on the New York Stock Exchange. Discussions have been held with these shareholders to assess their inclination towards potentially partaking in a secondary sale of their company shares, possibly through an underwritten offering. Although these shareholders have not made any conclusive decisions regarding the sale of their shares, they have shown preliminary interest. The determination to go ahead with such a sale is likely to be influenced by the progress made in the ADR relisting process and the prevailing market conditions. Presently, there is no guarantee that a secondary sale will occur alongside the ADR relisting. Nonetheless, LATAM believes that such a sale could potentially benefit all company shareholders by enhancing the liquidity of both shares and ADRs. It is important to note that this notice is in compliance with Rule 135e of the Securities Act of 1933, as amended. It should not be construed as an offer to sell or a solicitation of offers to buy any securities in the United States. The offer, solicitation, or sale of securities, including any potential secondary sales, will adhere to the registration and prospectus requirements of the Securities Act.
LATAM Airlines Explores Secondary Share Sale
