Chilean firm Viña Concha y Toro S.A is a wine maker and distributor of wines and other alcoholic beverages. The company’s ADR used to trade on the NYSE under the ticker VCO. Vina voluntariy delisted its ADRs from the NYSE effective July 12, 2018.

Below are the details of the termination notice:

You are hereby notified, as owners and beneficial owners of the above American Depositary Receipts (“ADRs”), that we will terminate the Deposit Agreement, dated October 13, 1994, among Viña Concha y Toro S.A. (“Viña”), The Bank of New York Mellon, as Depositary, and Owners and Holders of American Depositary Shares (the “Deposit Agreement”). As a result, the existing ADR facility will be terminated effective at 5:00 PM (Eastern Time) on September 27, 2018.

Under the terms of the Deposit Agreement, you have until at least September 30, 2019 to decide if you would like to attempt to surrender your Viña ADRs for delivery of the underlying shares. If you surrender ADRs for delivery of the underlying shares, you must pay a cable fee of $17.50, a cancellation fee of up to $0.05 per ADS surrendered and any applicable U.S. or local taxes or governmental charges. Payment should be made payable to The Bank of New York Mellon.

Subsequent to September 30, 2019 under the terms of the Deposit Agreement, the Depositary may attempt to sell the underlying shares. If the Depositary has been able to sell such shares, you must surrender your ADRs to obtain payment of the sale proceeds, net of the expenses of sale, any applicable U.S. or local taxes or government charges and a cancellation fee of up to $0.05 per ADS.

To surrender your ADRs, the address of the Depositary is: The Bank of New York Mellon, 101 Barclay Street, Depositary Receipts Division – 22nd Floor, Attention: Cancellation Desk, New York, NY 10286. Registered or overnight mail is the suggested method of delivering DRs to the Depositary.

Source: BNY Mellon

Currently Vina trades on the OTC markets as a sponsored ADR under the ticker VCOYY.

Disclosure: No Positions