Azul: Investment company increases stake in the company

by '@Pedro

blue routes

The blue one communicated to its shareholders and to the market in general that received, on March 11, 2021, correspondence from Capital Research Global Investors (“CRGI”), regarding the acquisition of a relevant shareholding in the Company.

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CRGI managed 29.534.286 PN Shares of the Company, corresponding to 8,95% of this type of share and, as a result of the operations mentioned above, began to manage a total of 35.453.454 PN Shares and ADRs representing PN Shares of the Company, representing 10,7% of this type of share, of which 3.390.123 PN and ADR5 shares are loaned.

In addition to the aforementioned stake, Capital International Investors, as independent investment divisions of Capital Research and Management Company, manages 5.822.261 PN Shares of the Company, corresponding to 1,76% of this type of share.

These are minority investments that do not alter the Company's control or istrative structure. Currently, there is no number of Company shares targeted by CRGI.

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There are no other securities and derivative financial instruments referenced in such shares held, directly or indirectly, by CRGI or a person related to it, nor any agreement or contract regulating the exercise of voting rights or the purchase and sale of securities issued by Company to which CRGI or a person connected thereto is a party.

The purpose of the aforementioned shareholdings is strictly investment, not intended to change Azul's shareholding control or istrative structure.

 

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Peter Viana

Author Peter Viana

Aerospace Engineering - Photo and video editor - Photographer - Aeroflap

Categories: Airlines, News

Tags: actions, azul, financial, usaexport

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