Iusacell Effected the Exchange of Its New Common Shares at Ratio of 20 to 1
Friday December 19, 3:10 pm ET
MEXICO CITY, Dec. 19 /PRNewswire-FirstCall/ -- Grupo Iusacell, S.A. de C.V. (NYSE: CEL - News; BMV: CEL) today effected the exchange of its Series A and Series V shares for new common, ordinary, registered shares with no par value at a ratio of 20 Series A and/or Series V shares to 1 new share. The Company did not issue fractional shares. Accordingly, fractions of new shares were paid at a price equal to the opening market price quoted on the Mexican Stock Exchange on October 17, 2003, of Ps.0.88 for each of the Series A or Series V shares, as determined on the October 17, 2003 shareholders' meeting.
The number of new shares issued and outstanding is 93,101,240 with a public float of approximately 25.4%. The Company's ticker on the Mexican Stock Exchange and the New York Stock Exchange remained unchanged.
Further questions from shareholders should be addressed to Mr. Carlos Moctezuma, at +5255-5109-4400, or carlos.moctezuma@iusacell.com.mx. |
