Vina Concha y Toro S.A. said yesterday that it has decided to change the ratio of its ordinary shares to its American depositary shares (ADS).

Currently one ADS represents 50 ordinary shares. This will be changed to one ADS representing twenty 20 ordinary shares. Consequently, the company has initiated the process to change the ratio.

"This initiative seeks to increase liquidity in the transaction of the ADS of Vina Concha y Toro on the New York Stock Exchange," a statement said.
On the New York Stock Exchange, where currently one ADS represents 50 ordinary shares, the ADS shall be split by way of a 150% distribution.

Investors will be receiving 2.5 new ADS for each ADS held on the record date. As a result, each ADS shall represent twenty 20 ordinary shares.

In Chile the number of company ordinary shares outstanding does not change, and they total 719,170,735.

Once determined, the company will promptly communicate the record date and the effective date for the ratio change.