Printer Friendly

GOL Announces the Payment of 1Q08 Dividends.

SAO PAULO, Brazil, April 28 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. , the parent company of Brazilian airlines GOL Transportes Aereos S.A. and VRG Linhas Aereas S.A., announces to shareholders that its Board of Directors, at a meeting held on April 25, 2008, approved the payment of intercalary dividends, referring to the first quarter of the fiscal year of 2008.

I - Amount of Dividends (1Q08)

The total amount dividends is R$ 36,414,106.38 corresponding to R$ 0.18 per common and preferred shares of the Company.

II - Record Date

All outstanding shares on April 30, 2008, inclusive, will be entitled to receive the dividends approved "record date."

III - Ex-Dividends Date

The Company's shares will be traded on Sao Paulo Stock Exchange (BOVESPA) and New York Stock Exchange (NYSE), "ex" dividends as of, and including, May 2, 2008.

IV - Imputation on Mandatory Dividends

The intercalary dividends approved will be imputed to mandatory dividends related to fiscal year 2008, with no remuneration whatsoever. The payment of dividends is resolved according to the quarterly intercalary dividends policy approved by the Board of Directors in the meeting held on January 28, 2008, in the fixed amount of R$ 0.18 (eighteen cents of reais), per share, per common and preferred shares of the Company during 2008. Regardless of the referred fixed amount, it is assured the payment of the minimum dividend of 25% of the corporate year's net profit, and if necessary, the Company will make the year-end adjustment.

V - Payment of Dividends

The dividends will be paid to shareholders, with no remuneration, on June 20, 2008.

About GOL Linhas Aereas Inteligentes S.A.

GOL Linhas Aereas Inteligentes S.A. is the parent company of Brazilian airlines GOL Transportes Aereos S.A. and VRG Linhas Aereas S.A. GTA offers over 640 daily flights to 57 destinations connecting the most important cities in Brazil as well as the main destinations in South America. VRG offers over 120 daily flights to 14 destinations in Brazil. GTA and VRG operate a young, modern fleet of Boeing aircraft with low maintenance, fuel and training costs, and high aircraft utilization and efficiency ratios. The Company's service is recognized as the best value proposition in the market.

CONTACT: Investor Relations: +5511-3169-6800,; Media: +5511-3169-6967,

Web site:
COPYRIGHT 2008 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 28, 2008
Previous Article:HEDNA and PhoCusWright Publish Small Meetings White Paper.
Next Article:Virgin Mobile Festival Lineup Announced, Bringing Fans Third Year of the Best of the Best.

Related Articles
GOL Announces the Payment of Supplementary Quarterly Dividends; Dividend Policy: 2007 Dividends Fixed at R$ 0.35 Per Share, Per Quarter.
GOL Announces the Payment of 1Q07 Dividends.
GOL announces dividends for second quarter.
GOL Announces Share Buyback and 2008 Dividend Policy.
GOL Investor Update.
GOL Announces 1Q08 Earnings Release Schedule.
GOL Reports Net Revenues of R$1.6bn for 1Q08.
GOL Reviews Quarterly Dividend Policy for 2008.
GOL Reports Net Revenues of R$1.5bn for 2Q08.
GOL Announces 1Q09 Net Income of R$61.4mm.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters