PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
Jd. Aeroporto
04630-000 São Paulo, São Paulo
Federative Republic of Brazil
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
registrant in connection with Rule 12g3-2(b):
São Paulo, February 24, 2014 – GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody’s: B3), the largest low-cost and low-fare airline in Latin America (“Company”), hereby informs its shareholders and the market in general that, as envisaged in the Stock Purchase Option Granting Agreement (“Option Agreement”), entered into on April 24, 2013 between the Company and G.A. Brasil V Fundo de Investimento em Participações (“General Atlantic”), General Atlantic has notified the Company that it will exercise its right to purchase shares issued by Smiles S.A. ("Smiles") held by the Company ("Purchase Option").
The exercise price (“Strike Price”) to be paid on February 27, 2014 per Smiles share held by the Company will be equivalent to the price per share paid on the occasion of Smiles’ Initial Public Offering in 2013 (the “Offering”), i.e. R$21.70, restated in accordance with 100% of the variation in the CDI interbank rate until February 27, 2014.
The total number of shares that are the object of the Purchase Option will be determined as stipulated in the Option Agreement and will correspond to the division of: (i) the value corresponding to 20% of the amount in Reais effectively invested by General Atlantic in the subscription of shares within the scope of the Offering (i.e. R$400 million), by (ii) the Strike Price.
The Company will disclose the precise number of shares transferred and the exact Strike Price of the Purchase Option as soon as these amounts have been determined, which should occur by the end of February 27, 2014.
ABOUT GOL LINHAS AÉREAS INTELIGENTES S.A.
GOL Linhas Aéreas Inteligentes S.A. (BM&FBovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 910 daily flights to 65 destinations in 10 countries in South America, Caribbean and the United States under the GOL and VARIG brands, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type. The SMILES loyalty program allows members to accumulate miles and redeem tickets to more than 560 locations around the world via flights with foreign partner airlines. The Company also operates Gollog, a logistics service which retrieves and delivers cargo and packages to and from more than 3,500 cities in Brazil and six abroad. With its portfolio of innovative products and services, GOL Linhas Aéreas Inteligentes offers the best cost-benefit ratio in the market.
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GOL LINHAS AÉREAS INTELIGENTES S.A. | ||
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/S/ Edmar Prado Lopes Neto | |
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Name: Edmar Prado Lopes Neto
Title: Investor Relations Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.