Gol details plans for reorganisation of Gol and SMILES ownership

    Gol announced (24-Mar-2021) SMILES‘ extraordinary general meeting held on 24-Mar-2021 approved the reorganisation of the Gol/SMILES share ownership structure. Gol increased the consideration offered to the shareholders of SMILES, representing an implicit price of BRL27 (USD4.80) per share paid to SMILES’ shareholders, so that SMILES shareholders receive, for each common share issued by SMILES: BRL9.14 (USD1.63) and 0.6601 preferred shares issued by Gol or BRL22.54 (USD4.01) and 0.1650 preferred shares issued by Gol. [more – original PR] [more – original PR II]

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