SAO PAULO, Brazil, April 13 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes (Bovespa: GOLL4) announced today that it has filed an immediately effective registration statement with the SEC for the registration of 2,470,794 preferred shares in a preemptive rights offering, in which U.S. holders of its preferred shares and ADRs can subscribe for GOL's preferred shares and ADRs.
As previously disclosed, when GOL agreed to acquire the capital stock of VRG Linhas Aereas S.A. in March 2007, it agreed to pay a portion of the acquisition price in its preferred.
The terms of the rights offering are as follows:
1. Maximum number of preferred shares, including shares in form of ADRs,
to be subscribed in the rights offering: 2,470,794.
2. Record date for the preferred share offering: April 10, 2007
3. Issuance and subscription price for the preferred share offering:
R$60.81 per share.
4. Subscription period for holders of preferred shares: April 11, 2007
through May 21, 2007.
5. Record date for the ADR offering: April 19, 2007.
6. Issuance and subscription price for the ADR offering: US$31.44 per ADR,
which is the ADR subscription price of R$60.81 per ADR.
If the amount of the estimated ADR subscription price a holder pays to
the ADR rights agent is insufficient to cover the actual ADR
subscription price in reais plus conversion expenses, ADR issuance fees
and financial transaction taxes for ADRs a holder is subscribing for or
is allocated, the ADR rights agent will pay the deficiency to the
extent the deficiency does not exceed 20% of your payment. A holder
must reimburse the ADR rights agent for the amount of any deficiency
financed by the ADR rights agent prior to your receiving any new ADRs.
If the amount of the estimated ADR subscription price a holder pays to
the ADR rights agent is greater than the subscription price plus
conversion expenses, ADR issuance fees and financial transaction taxes
for ADRs you are subscribing for or are allocated, the ADR rights agent
will pay you the excess without interest.
7. Subscription period for holders of ADRs: April 23 through May 16,
2007.
8. The preferred shares and ADRs issued shall have the right to receive
dividends and interests over the Company's capital since the date of
their issuance.
9. Non-subscribed shares and ADRs: any remaining preferred shares or ADRs
will be shared proportionally among the shareholders and ADR holders
who have indicated their intention to subscribe remaining preferred at
the moment of the subscription.
Copies of the Rights Documents may be obtained by calling MacKenzie Partners, Inc., at (800) 322-2885 or (212) 929-5500.
