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Name | Symbol | Market | Type |
---|---|---|---|
Gol Linhas Aereas Inteligentes SA | NYSE:GOL | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.715 | 0 | 01:00:00 |
SAO PAULO, Jan. 21, 2015 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody's: B3), ("GOL" or the "Company"), the largest low-cost and best-fare airline in Latin America, hereby publishes its management's proposal to improve the Company's capitalization capacity and corporate governance (the "Transaction"). The Transaction will be submitted to the Company's shareholders for approval.
The Transaction represents a long-term structural solution to improve the Company's capacity to raise equity capital, enabling GOL to compete on even terms in this regard. The airline sector and the Company's investment plan demand significant capital resources. In the last five years, GOL made capital expenditures in excess of R$5.5 billion (including aircraft acquisitions).
The Company will expand its capacity to raise equity capital by increasing its ability to issue more preferred shares without needing to issue common shares simultaneously, as the transfer and ownership of common shares are subject to restrictions under Brazilian airline industry laws and regulations.
The Transaction contemplates an amendment to the Company's Bylaws to:
TO ACCESS THE MATERIAL FACT FULL VERSION 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
ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.
GOL Linhas Aereas Inteligentes S.A. (BMF&BOVESPA: GOLL4 and NYSE: GOL) is the largest low-cost and best-fare airline in Latin America.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gol-announces-a-material-fact-new-corporate-structure-and-corporate-governance-300024050.html
SOURCE GOL Linhas Aereas Inteligentes S.A.
Copyright 2015 PR Newswire
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