NYSE to Commence Delisting Proceedings Against Gol Linhas Aéreas Inteligentes S.A. (GOL)
The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the American Depositary Shares (“ADSs”), each representing two Preferred Shares of Gol Linhas Aéreas Inteligentes S.A. (the “Company”) — ticker symbol GOL — from the NYSE.
- The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the American Depositary Shares (“ADSs”), each representing two Preferred Shares of Gol Linhas Aéreas Inteligentes S.A. (the “Company”) — ticker symbol GOL — from the NYSE.
- In reaching its delisting determination, NYSE Regulation noted the uncertainty as to the ultimate effect of this process on the value of the Company’s ADSs.
- The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.
- The NYSE will apply to the Securities and Exchange Commission to delist the Company’s ADSs upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.