Latam Airlines Group

<< Voltar
Information of interest - Preliminary interest in a potential secondary sale by some of LATAM's shareholders
May 17, 2024

Santiago, May 17, 2024 - LATAM Airlines (“LATAM” or the “Company”) hereby informs that in the context of the process currently ongoing to re-open and re-list the Company’s ADRs (the “ADR Relisting”) on the New York Stock Exchange (“NYSE”), it has explored with certain shareholders whether they would be interested in principle in considering a potential secondary sale of some of their equity participation in the Company, including via an underwritten offering. While such shareholders have not adopted any decision regarding a potential sale of any of their equity participation in the Company, they have confirmed their preliminary interest and, at this stage, they believe that such decision will be likely driven by the implementation process of the ADR Relisting and the market conditions.

Therefore, while as of this date there is no certainty that a secondary sale would occur in conjunction with the ADR Relisting, LATAM believes that such a secondary sale could be beneficial to shareholders of the Company generally as it could provide greater liquidity in the shares and ADRs of the Company.

This announcement is being made pursuant to and in accordance with Rule 135e under the Securities Act of 1933, as amended (the “Securities Act”). This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, and securities may not be offered or sold in the United States absent registration or an exemption from registration. Any offers, solicitations or offers to buy, or any sales of securities, including a potential secondary sale, will be made in accordance with the registration and prospectus requirements of the Securities Act.

Sincerely,

Ramiro Alfonsín B.
Chief Financial Officer
LATAM Airlines Group S.A.