Gol (GOLL4) will be excluded from Ibovespa and 9 other indices after judicial recovery in the USA

by time news

Gol will have its shares excluded from the IBOV, IBRA, IBXX, ICO2, IDVR, IGCT, IGCX, ITAG, IVBX and SMLL indices at their closing price after the end of the regular trading session on January 30, 2024

B3 will exclude the shares of Gol Linhas Aéreas Inteligentes SA, traded under the ticker GOLL4, from all its indices, the stock exchange operator said on Monday night (29).

The decision is due to the company’s Chapter 11 (judicial reorganization) request before the United States Bankruptcy Court for the Southern District of New York, as well as other repercussions on the market, the Stock Exchange operator said.

Gol will have its shares excluded from the IBOV, IBRA, IBXX, ICO2, IDVR, IGCT, IGCX, ITAG, IVBX and SMLL indices at their closing price after the end of the regular trading session on January 30, 2024, with its share redistributed in proportion to the other members of the portfolio with the relevant adjustment to the reducers.

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GOLL4 continues to trade normally, but will be listed on B3 under the title “Other Conditions” as of the trading session on the 30th.

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