GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) has announced in a regulatory filing that it will launch a share repurchase programme covering up to 740,000 preferred shares through the Brazilian Stock Exchange B3.
Based on the current stock price of BRL21.81 real per share, the transaction could amount to a total of BRL16.14 million real (USD4.78 million).
"The acquisition of the preferred shares under the terms of the Repurchase can be performed during a 12 day period, beginning on April 11, 2018, and ending on April 23, 2018," the Brazilian carrier has said in a statement.
