Mexico: Updated Certificados de Participación Ordinarios (CPO) share allocation – Security over threshold
Clearstream Banking1 would like to inform customers that effective
one of the securities held in the neutral trust program has surpassed its limit of availability to foreign investors. The specific security is ALFA Series A, ISIN MXP000511016.
S.D. Indeval, the Mexican Central Securities Depository, has formally announced the surpassing of ALFA shares available to foreign investors inside the neutral trust program, thus further entry of new shares from foreign shareholders into the trust is not possible until the trust increases its threshold limit or the current number of shares held by foreign investor decreases.
See the table below for ALFA’s CPO allocation as of 22 July 2020:
Shares allocated under Neutral Trust Program
Shares held by foreign investors
CPOs available to foreign investors
Current percentage held by foreign investors
Impact on customers
Customers should be aware of the unavailability of ALFA shares and contact local brokers on any pending trades in this specific security.
In the event that foreign investors purchase or hold a restricted security that does not have a corresponding CPO backing it, they could be subject to actions by the Comisión Nacional Bancaria y de Valores (CNBV), which may include an obligation to sell the shares in the market or other actions including confiscation of the shares.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.