SAO PAULO, Brazil, March 21 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. , Brazil's low-cost airline, announces that, in accordance with Instruction n 358/02 of the Brazilian Securities Commission, as amended, its Board of Directors at a meeting held on March 20, 2009, approved a capital increase of the Company in the amount of R$203,531,031.60 and the issuance of 26,093,722 shares, comprising 6,606,366 common shares and 19,487,356 preferred shares.
The issuance price to common and preferred shares is fixed in R$7.80 per share, according to the quotation of the shares in the Sao Paulo Stock Exchange on March 20, 2009, verified after the closing of the trading session, in accordance with Article 170, Paragraph 1, Item III of the Law No. 6,404/76. The issuance price is equivalent to 90.9% of the average closing price of the preferred shares during the last 30 trading sessions, which was R$8.58, and to 83.2% of the average closing price during the last 60 trading sessions, which was R$9.37.
About GOL Linhas Aereas Inteligentes S.A.
GOL Linhas Aereas Inteligentes S.A. , Brazil's low-cost airline, offers nearly 800 daily flights to 49 destinations connecting the most important cities in Brazil and ten major destinations in South America. The Company operates a young, modern fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable aircraft of its class that provides high aircraft utilization and efficiency ratios. The Company's service is recognized as the best value proposition in the market.
