Brazil's No. 1 Airline Moves Its ADR Program
NEW YORK and SÃO PAULO, May 15, 2017 — BNY Mellon, a global leader in investment management and investment services, has been appointed by Gol Linhas Aéreas Inteligentes S.A. (GOL) as the depositary bank for its American depositary receipt (ADR) program. Each ADR represents five preferred shares and trades on the New York Stock Exchange (NYSE) under the symbol GOL. GOL’s preferred shares trade on the BM&FBovespa under the code GOLL4.
GOL is Brazil’s largest airline, carrying 33 million passengers on more than 700 daily flights to 63 destinations in Brazil and 11 destinations elsewhere in South America and the Caribbean on a fleet of over 120 Boeing 737 aircraft, with a further 120 Boeing 737s on order. GOL has a team of more than 14,000 highly skilled aviation professionals delivering Brazil’s top on-time performance, and an industry leading 16 year safety record.
"We’ll work closely with GOL to enhance its profile among U.S. investors,” said Christopher M. Kearns, CEO of BNY Mellon’s Depositary Receipts business. “This program reinforces our strong position in the Latin American market and our commitment to serving companies there."
BNY Mellon acts as depositary for more than 1,000 American and global depositary receipt programs as of March 31, 2017. Acting in partnership with leading companies from 64 countries, BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2017, BNY Mellon had $30.6 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee. BNY Mellon provides no advice nor recommendations or endorsement with respect to any company, security or products based on any index licensed by BNY Mellon, and we make no representation regarding the advisability of investing in the same.