Santiago (Chile), August 13, 2025 - LATAM Airlines Group S.A. (“LATAM” or the “Company”), the leading passenger and cargo airline group in South America, today announced that certain of its shareholders (the “Selling Shareholders”) launched a public offering to sell 15,000,000 American Depositary Shares (the “ADSs”), each representing 2,000 common shares of LATAM. No shares are being sold by the Company, and LATAM will not receive any proceeds from the sale of ADSs by the selling shareholders. The last reported per ADS price of LATAM ADS on August 12, 2025 was $43.30.
J.P. Morgan Securities LLC and Barclays Capital Inc. are acting as underwriters for the offering. A registration statement on Form F-3 (the “Registration Statement”), including a prospectus, relating to the ADSs was filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 18, 2024 and became effective automatically.
The proposed offering will be made by means of the prospectus in the Registration Statement and a prospectus supplement. You may access these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus and the preliminary prospectus supplement may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com, and Barclays Capital Inc., c/o Broadridge Financial Solutions,1155 Long Island Avenue, Edgewood, NY 11717 or by email at barclaysprospectus@broadridge.com.
This press release is for informative purposes only under the current applicable laws and regulations and shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.