Form 6-K

 

FORM 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

For the month of June 2005

 

Commission File Number 3337776

 

 

TV Azteca, S.A. de C.V.

(Translation of registrant’s name into English)

 

 

Periférico Sur, No. 4121, Col. Fuentes del Pedregal, 14141 México D.F., México

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F  [X]        Form 40-F  [    ]

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):             

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):             

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes  [    ]        No  [X]

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-             

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    TV Azteca, S.A. de C.V.
                (Registrant)
Date: June 28, 2005   By:  

/S/ OTHÓN FRIAS

    Name:   Othón Frias
    Title:   Attorney-in-fact

LOGO

 

TRADING OF TV AZTECA ADRS ON THE NEW YORK STOCK

EXCHANGE EXPECTED TO BE SUSPENDED ON JULY 18, 2005

 

FOR IMMEDIATE DISTRIBUTION

 

Mexico City, June 24, 2005—TV Azteca, S.A. de C.V. (BMV: TVAZTCA; NYSE: TZA; Latibex: XTZA), one of the two largest producers of Spanish-language television programming in the world announced that, effective June 17, 2005, The Bank of New York (BONY) gave notice of termination of TV Azteca’s ADR program to the holders of TV Azteca’s American Depositary Receipts (ADRs). Upon such notice of termination, BONY discontinued issuing new ADRs, by filing a Post-Effective Amendment to Form F-6 with the United States Securities and Exchange Commission. Additionally, the deposit agreement was amended to reduce to 60 days the period during which holders may exchange ADRs for CPOs traded on the Mexican Stock Market (BMV).

 

As was previously announced, at an Extraordinary Shareholders’ Meeting held on June 1, 2005, 99.85% of TV Azteca’s shareholders approved the termination of the ADR program, after an analysis and discussion of the costs and benefits of continued listed in the U.S. capital markets.

 

Pursuant to the termination of the deposit agreement, the NYSE is expected to suspend trading of the ADRs in the United States on or about July 18, 2005. ADR holders will have 60 days to exchange their ADRs for CPOs traded on the BMV. Upon the expiration of the 60-day period, BONY will be allowed to sell the CPOs underlying the ADRs that were not surrendered and distribute the proceeds of such sale to holders.

 

Company Profile

 

TV Azteca is one of the two largest producers of Spanish language television programming in the world, operating two national television networks in Mexico, Azteca 13 and Azteca 7, through more than 300 owned and operated stations across the country. TV Azteca affiliates include Azteca America Network, a new broadcast television network focused on the rapidly growing US Hispanic market, and Todito.com, an Internet portal for North American Spanish speakers.

 

Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Risks that may affect TV Azteca are identified in its Form 20-F and other filings with the US Securities and Exchange Commission.

Investor Relations:

 

Bruno Rangel   Rolando Villarreal
+ 52 (55) 1720 9167   + 52 (55) 1720 0041
jrangelk@tvazteca.com.mx   rvillarreal@gruposalinas.com.mx

 

Press Relations:

 

Tristan Canales   Daniel McCosh
+ 52 (55) 1720 1441   + 52 (55) 1720 0059
tcanales@gruposalinas.com.mx   dmccosh@tvazteca.com.mx

 

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