Banco Citi Mexico seeks to sell Southern Copper shares (NYSE: SCCO)
Rhea-AI Filing Summary
Banco Citi Mexico S.A. submitted a Form 144 reporting proposed sales of Common Stock of Southern Copper Corporation (SCCO). The notice lists lots of shares acquired under the issuer's Directors' Stock Award Plan and as stock dividends, with specific lot dates and share counts shown.
The filing lists examples including 1,600 shares received
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Insights
TLDR: A broker/dealer notice lists proposed resale of director-awarded and dividend shares in Southern Copper.
The filing names Banco Citi Mexico S.A. as the reporting filer and lists specific lots of Common Stock acquired for board service on
These entries are routine director-award and dividend lots. The timing and aggregate quantity of any sale are not stated in this excerpt; subsequent trade reports or amendments would disclose executed transactions.
TLDR: This Form 144 is an intended resale notice; documentation lists acquisition dates and share counts but not sale proceeds or allocations.
The notice documents lots of 1,200, 1,600, 1,600, 47, and 140 shares tied to director awards and stock dividends. It identifies the securities as Common Stock of Southern Copper Corporation.
Cash‑flow treatment and planned sale methods are not specified in the provided excerpt; further filings or broker records will clarify whether and when sales occur.
FAQ
What does the SCCO Form 144 filed by Banco Citi Mexico report?
Which specific SCCO share lots are shown in the Form 144?
Does the Form 144 disclose how many SCCO shares were sold?
Who acquired the SCCO shares listed in the filing and why?