Summary of the ADS ratio change:
- Current ratio: 1 ADS = 10 preferred shares
- New ratio: 1 ADS = 5 preferred shares
- Record date: On or about April 27, 2017
- Distribution date: On or about May 1, 2017
In addition, GOL intends to, effective April 17, 2017, appoint The Bank of New York Mellon, as the successor depositary bank for the Company's ADR program on terms substantially identical to the current deposit agreement.
The change in the ratio of ADSs to preferred shares and the change in depositary bank will become effective after required approvals from the Brazilian Securities Commission (CVM), the New York Stock Exchange (NYSE) and the U.S. Securities and Exchange Commission (SEC).
For further information visit www.voegol.com.br/ir
Phone: +55 (11) 2128-4700
Phone: +55 (11) 2128-4183
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gol-announces-ads-ratio-change-300409244.html
SOURCE GOL Linhas Aereas Inteligentes S.A.