Nuevo Grupo Iusacell (CEL) Message Board

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Technology Stocks : Nuevo Grupo Iusacell (CEL)

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To: Dennis Roth who wrote (154)	5/10/2003 4:44:43 PM
From: Rob Preuss	of 206

Change in American Depositary Share - ADS - Ratio for Grupo Iusacell Friday May 9, 6:06 pm ET MEXICO CITY--(BUSINESS WIRE)--May 9, 2003--Grupo Iusacell, S.A. de C.V. (BMV:CEL)(NYSE:CEL - News) today announced that, as of the opening of trading on the NYSE on May 12, 2003, each of Iusacell's American Depositary Shares will represent one hundred of its ordinary shares, and the new CUSIP number will be 40050B 20 9. Before the ratio change, the Company's ADS-to-ordinary shares ratio was one-to-ten, and the CUSIP number was 40050B 10 0. The main purpose of the ratio change is to comply with the NYSE rules requiring a minimum 30-day average trading price of US$1.00 per ADS. As no fractional ADRs will be issued, any resulting fractional ADRs will be cashed out at a cash-in-lieu rate to be determined by The Bank of New York as depositary, and the accounts of applicable ADR holders will be credited as appropriate. This ratio change will not affect holders of the Company's ordinary shares and will be effected without charge to investors.

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