Azul board approves issuance of 1,438,855 shares under restricted stock plan
AZUL•Azul’s board approved 1,438,855 common shares for BRL 3 in total after vesting under its first restricted stock grant program, increasing share capital to BRL 22.27 billion.
1. Share issuance
Azul’s board unanimously ratified the issuance of 1,438,855 common shares following vesting under its first restricted stock grant program. The shares were issued for BRL 3 in total, bringing share capital to BRL 22.27 billion, comprising 402,268,105 common shares. Existing shareholders have no preemptive rights over the new shares.
