LATAM updates information regarding the convertible notes conversion process and ownership structure
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Santiago, Chile, December 7, 2022 – As previously informed, LATAM Airlines Group S.A. has continued to process requests from convertible note holders electing to exercise their right for conversion. As a result, up to November 30, 2022, the following convertible notes have been converted into shares: a 100% of Convertible Notes C, a 99.99% of Convertible Notes B and a 38.97% of Convertible Notes A. Therefore, as a result of the continuing conversions, the Company is able to confirm that a new total share count of 594,197,985,867 shares subscribed as of November 30, 20221.
Additionally, LATAM informs that on November 30, 2022, its ownership structure, based upon the conversion process mentioned above and according to the shareholder registry of the “Depósito Central de Valores” or DCV custodian of LATAM´s shares, is as follows:
1 This total share count of 594,197,985,867 shares subscribed represents 98.0% of the company’s total authorized number of shares amounting to 606,407,693,000 shares. The company’s total authorized number of shares is comprised of the sum of (i) the 606,407,693 shares outstanding prior to the capital increase, and (ii) the 605,801,285,307 shares underlying both the US$800 million Equity Rights Offering and the aggregate number of shares underlying each of the Convertible Notes A, B and C authorized for issuance by the Extraordinary Shareholder’s Meeting on July 5, 2022.