SAO PAULO, Nov. 26, 2015 /PRNewswire/ -- GOL Linhas
Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL),
(S&P: B-, Fitch: B-, Moody's: B3), the largest low-cost and
best-fare airline in Latin
America, hereby announces that, on October 26, 2015, it was informed by the New York
Stock Exchange, Inc. (the "NYSE") that it was not in compliance
with NYSE's continued listing standard that require average closing
prices of listed securities not fall below $1.00 per share for any consecutive 30
trading-day period.
Under NYSE rules, the company has six months from the NYSE
notice to regain compliance. During this period the company's
American Depositary Shares, each representing one preferred share,
will continue to be listed and traded on the NYSE, subject to the
company's compliance with other NYSE continued listing
requirements.
The company intends to amend the terms of the deposit agreement
for its ADSs to increase the number of preferred shares represented
by each ADS. The company has not yet determined the new ratio of
preferred shares per ADS, but intends to select ratios that will
ensure compliance.
For further information visit
www.voegol.com.br/ir
CONTACTS
INVESTOR RELATIONS
Phone: +55 (11) 2128-4700
E-mail: ri@golnaweb.com.br
CORPORATE COMMUNICATIONS
Phone: +55 (11) 2128-4183
E-mail: comcorp@golnaweb.com.br
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SOURCE GOL Linhas Aereas Inteligentes S.A.