Announcement of Intention to Delist American Depositary Shares From the New York Stock Exchange and Subsequent Arrangements
Almacenes Éxito S.A. (BVC: EXITO, NYSE:EXTO, B3: EXCO32) ("Éxito" or "the Company") informs its shareholders and the market in general that today its Board of Directors approved the commencement of the process to: (i) voluntarily delist its American depositary shares ("ADSs"), each representing eight common shares of the Company, from the New York Stock Exchange (the "NYSE"); and (ii) deregister the Company's securities under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), after taking into account a number of considerations, including the Company's current reduced free float (13.2%), which is distributed between Colombia with 1.6%, the United States with 1.6% and
