GOL completes Smiles selection process

GOL completes Smiles selection processGOL completes Smiles selection process

GOL Linhas Aéreas Inteligentes (GOL), Brazil’s largest airline, has announced the outcome from the selection process for the exchange ratio of common shares, by the shareholders of Smiles Fidelidade (Smiles), subsequent to the corporate reorganization of that company, approved in the extraordinary general meeting of Smiles held on March 24, 2021. Based on the results of this selection process, GOL said that it had “achieved the best outcome for its stakeholders by minimizing dilution and self-funding the cash consideration with liquidity built-up over time at Smiles”. The results of the selection process are: 44% of the common shares of Smiles

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