Authorization to Deregister Citigroup’s Common Stock in Mexico and Cross-List on the International Quotation System

The deregistration is conditional upon the cross-listing of the common stock on the International Quotation System managed by the Mexican Stock Exchange, which is expected to occur on July 11, 2019.

Metadata

Provider:

Business Wire, Inc.

Retrieved on:

Thursday, June 13, 2019

Information

Tags:

Professional services, Banking, Finance, Finance, Economy, Money, Cuauhtémoc, Mexico City, Mexican Stock Exchange, Citigroup, Stock, New York Stock Exchange

Geotags:

United States, NEW YORK

⚠generated by AI ↴

Summary

Key Points:

The deregistration is conditional upon the cross-listing of the common stock on the International Quotation System managed by the Mexican Stock Exchange, which is expected to occur on July 11, 2019.
Citigroups common stock will begin trading on the International Quotation System at its New York Stock Exchange closing price on July 10, 2019.
Trades of Citigroup common stock currently listed on the Mexican Stock Exchange executed on July 9, 2019 will settle within 24 hours, and trades executed on July 10, 2019 will settle on the same day.
The delisting of Citigroups common stock from the Mexican Stock Exchange and its cross-listing on the International Quotation System managed by the Mexican Stock Exchange, will not affect Citigroup's businesses in Mexico.

On June 3, 2019, the Mexican Banking and Securities Commission
authorized Citigroup Inc. to deregister its common stock from the
Mexican Securities Registry and delist from the Mexican Stock Exchange,
effective at the end of the trading day on July 10, 2019. The
deregistration is conditional upon the cross-listing of the common stock
on the International Quotation System managed by the Mexican Stock
Exchange, which is expected to occur on July 11, 2019. Citigroup’s
common stock will begin trading on the International Quotation System at
its New York Stock Exchange closing price on July 10, 2019.

Trades of Citigroup common stock currently listed on the Mexican Stock
Exchange executed on July 9, 2019 will settle within 24 hours, and
trades executed on July 10, 2019 will settle on the same day.

The delisting of Citigroup’s common stock from the Mexican Stock
Exchange and its cross-listing on the International Quotation System
managed by the Mexican Stock Exchange, will not affect Citigroup's
businesses in Mexico. Mexico is an important market for Citigroup, which
is committed to further strengthening its capabilities to better serve
its institutional and consumer clients in the country.

Citi

Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190613005718/en/