GOL's Controlling Shareholder Announces Signing of a Master Contribution Agreement
SÃO PAULO ,
a) MOBI FIA entered into a Master Contribution Agreement with certain principal shareholders of Investment Vehicle 1 Limited ("
c) Pursuant to the Master Contribution Agreement, MOBI FIA will contribute its GOL shares to a newly formed company ("Holding"), in exchange for common shares of Holding; subsequently, the Avianca's
d) Upon closing of the Transaction, the contributing parties to the Master Contribution Agreement, including MOBI FIA and the Avianca's
e) GOL and Avianca will continue to operate independently and maintain their respective brands and cultures.
f) The management team that will be responsible for the overall direction and strategy of Holding, delivery of synergies, and coordination of central functions, will be led by
g) Neither MOBI FIA nor the Constantino brothers will sell, directly or indirectly, any share of GOL. The Transaction will not entail the obligation to carry out a public offering due to the acquisition of control of GOL, since there will be no sale or transfer of the shareholding control of GOL, as determined under Brazilian laws and regulations.
h) The Transaction is subject to customary closing conditions set forth in the Master Contribution Agreement, including certain regulatory approvals.
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