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Azul Announces Pricing of Secondary Equity Offering
São Paulo, June 27, 2018 - Azul S.A. ("Azul") announced today the pricing of the previously announced offering pursuant to which one of its shareholders, Hainan Airlines Holding Co., Ltd. ("Hainan") is offering to sell 19,379,335 American depositary shares, or ADSs, of Azul in the United States and elsewhere outside of Brazil. Each ADS represents three preferred shares of Azul. The offering represents all of Hainans shares in Azul other than one share after formation of the ADSs, which will be disposed of by Hainan following the conclusion of the offering. Following the completion of the offering, Hainan will no longer have the right to appoint any directors to Azuls board of directors.
The offering price is US$16.15 per ADS. The ADSs are listed on the New York Stock Exchange (NYSE) under the symbol "AZUL" and the preferred shares are listed on the Level 2 (Nível 2) segment of the São Paulo Stock Exchange (B3 S.A.- Brasil, Bolsa, Balcão) under the symbol "AZUL4." The offering is expected to close on June 29, 2018.
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