Yesterday, GOL Linhas Aéreas communicated to its shareholders and the market in general that a share buyback program was approved on this date by the Board of Directors.
The purchase of shares will only be carried out in the Brazilian market, through which the company will be able to acquire up to 3.000.000 (three million) preferred shares (GOLL4), to be concluded in the next 12 (twelve) months, starting on August 1 and ends on July 2019, 31.
According to the company, “The repurchase plan, as a recurring policy of the company, aims to maximize the generation of value for shareholders through efficient management of its capital structure.”
On the present date, the company has 268.290.641 preferred shares, all ed, book-entry and without par value, and 6.390 preferred shares in treasury.
Repurchases of preferred shares will be carried out at B3 SA – Brasil, Bolsa, Balcão, at market price and will be subject to economic and market conditions, as well as applicable legal requirements and other relevant factors.
Repurchases of preferred shares will be limited to the amount in the company's capital reserve eligible for repurchases, in accordance with applicable law.
