GOL plans preferred shares offering 

GOL plans preferred shares offering

Dec 26, 2012 (Menafn - AIRLINE INDUSTRY INFORMATION via COMTEX) --Brazilian low-cost and carrier GOL Linhas Aereas Inteligentes S.A. (bm&fbovespa:GOLL4) GOL said that its board of directors has approved the sale of the company's preferred shares held in treasury.

According to GOL, the purpose is the sale of preferred shares of the company held in treasury, given the termination of the company's stock repurchase program, due to the fact that the circumstances which resulted in the shares being held in treasury no longer prevail.

The maximum term for the sale of shares as authorized shall be February 13, 2013, counted as from this date. The number of shares to be sold is of up to 3,724,225 preferred shares of the company held in treasury.

GOL said that the number of outstanding shares of the company is 98,129,437 preferred shares, as recorded in the stock deposit account informed by the depositary financial institution on December 20, 2012.

For more information visit www.voegol.com.br/ir.

Comments on this story may be sent to aii.feedback@m2.com

(C)1997-2012 M2 COMMUNICATIONS