SAO PAULO, Nov. 9, 2017 /PRNewswire/ -- GOL Linhas
Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3:
GOLL4), Brazil's #1 airline,
announces that will proceed with the change in the Company's
American Depositary Receipt (ADR) program from a ratio of one (1)
American Depositary Share (ADS) representing five (5) preferred
shares to a ratio of one ADS representing two (2) preferred shares
in the Company. The purpose of the ADS ratio change is to increase
trading liquidity, expand the shareholder base and facilitate
access to GOL ADSs on the NYSE.
Such ratio change was approved by GOL's Board of Directors on
October 17, 2017, and by Brazilian
Securities Commission on November 8,
2017.
As a result of the ratio change, ADSs holders will automatically
receive on the distribution date, November
21 2017, 1.5 additional ADS for each ADS held by the close
of business on the record date, on November
20, 2017.
The ratio change will not affect holders of the Company's
preferred shares. Existing ADSs will continue to be valid and will
not have to be exchanged.
Summary of the ADS ratio change:
- Current ratio: 1
ADS = 5 preferred shares
- New ratio: 1 ADS = 2 preferred shares
- Record Date: November 20, 2017
- Distribution Date: November 21,
2017
Investor Relations
ri@voegol.com.br
www.voegol.com.br/ir
+55 (11) 2128-4700
About GOL Linhas Aéreas Inteligentes S.A.
Brazil's largest airline group.
GOL is Brazil's
largest airline, carrying 33 million passengers annually on more
than 700 daily flights to 63 destinations, 52 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737
aircraft, with a further 120 Boeing 737 MAX on order.
GOLLOG is a leading cargo transportation and
logistics business serving more than 2,200 Brazilian municipalities
and, through partners, 205 international destinations in 95
countries. SMILES is one of the largest coalition
loyalty programs in Latin America,
with over 12 million registered participants, allowing clients to
accumulate miles and redeem tickets for more than 700 locations
worldwide. GOL has a team of more than 15,000 highly skilled
aviation professionals delivering Brazil's top on-time performance, and an
industry leading 16 year safety record. GOL's shares are traded on
the NYSE (GOL) and the B3 (GOLL4).
View original
content:http://www.prnewswire.com/news-releases/gol-announces-ads-ratio-change-300553582.html
SOURCE GOL Linhas Aereas Inteligentes S.A.