São Paulo, December 3, 2019 – GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4) (“Company”) informs shareholders and the market in general that its Share Repurchase Plan, approved at its Board of Directors’ meeting held on July 31, 2019, concluded on the date hereof with the Company’s repurchase of 3,000,000 of its preferred shares in accordance with Article 30, §1, “b” of Law No. 6,404, dated December 15, 1976, as amended, and CVM Instruction No. 567/2015.
The Company’s preferred share repurchases were conducted on the B3 S.A. - Brasil, Bolsa, Balcão, and the repurchased preferred shares represent 1.096% of the Company’s total preferred shares issued and 0.843% of the Company's capital stock, calculated based on the ratio of 35:1 among the dividend participation rights of holders of the Company’s common and preferred shares. As a result of the Company’s preferred share repurchases under the Share Repurchase Plan, the Company holds as of the date hereof a total of 3,006,390 preferred shares in treasury, representing 1.098% of the Company’s total preferred shares issued and 0.845% of the Company's capital stock.
The now concluded Share Repurchase Plan, in line with the Company’s continuing policy, aims to maximize shareholder value through efficient management of the Company’s capital structure.