SAO PAULO, April 17, 2017 /PRNewswire/ -- GOL Linhas
Aereas Inteligentes S.A. ("GLAI"), (NYSE: GOL and BM&FBOVESPA:
GOLL4), Brazil's #1 airline,
confirms the dates for the ratio change in the Company's American
Depositary Receipt (ADR) program from a ratio of one (1) American
Depositary Share (ADS) representing ten (10) preferred shares to a
ratio of one ADS representing five (5) preferred shares in the
Company. The purpose of the ADS ratio change is to increase
liquidity in the trading, expanding the shareholder base and
facilitating access to GOL ADSs on the NYSE.
As a result of the ratio change, ADS holders of record will
automatically receive on the distribution date, May 1, 2017, one additional ADS for each ADS held
by the close of business on the record date, April 27, 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 = 10 preferred shares
- New ratio: 1 ADS = 5 preferred shares
- Record date: April 27,
2017
- Distribution date: May 1,
2017
In addition, effective today, GOL has appointed The Bank of New
York Mellon as the successor depositary bank for the Company's ADR
program on terms substantially identical to the previous deposit
agreement.
For further information visit
www.voegol.com.br/ir
CONTACTS
INVESTOR RELATIONS
Phone: +55 (11) 2128-4700
E-mail: ri@voegol.com.br
CORPORATE COMMUNICATIONS
Phone: +55 (11) 2128-4183
E-mail: comcorp@voegol.com.br
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SOURCE GOL Linhas Aereas Inteligentes S.A.