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Azul Announces Pricing of US$ 362.3 Million Global Offering by Selling Shareholders
São Paulo, September 14, 2017 - Azul S.A., or Azul, (B3: AZUL4, NYSE: AZUL), announced today that it has priced its follow-on offering by its selling shareholders of 40,630,186 of Azul’s preferred shares in a global offering, consisting of an international offering and a Brazilian offering. The preferred shares are being offered directly or in the form of American depositary shares, or ADSs, each of which represents three preferred shares. One of the selling shareholders has also granted the underwriters a 30-day option to purchase up to 4,063,019 additional preferred shares.
The global offering price is R$27.96 per preferred share and US$26.75 per ADS. Shares are traded on the São Paulo Stock Exchange (B3 S.A.— Brasil, Bolsa, Balcão, formerly known as BM&FBOVESPA) and the New York Stock Exchange (NYSE), under the symbols "AZUL4" and "AZUL", respectively. The closing date for the offering is expected to be September 19, 2017.
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