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AviancaTaca´s equity offering exceeds by five times its share issue

Written by thomas · Filed Under Commercial 

April 17, 2011

thomas

April 16th, 2011

·   AviancaTaca´s share issue exceeded $1.5 billion dollars, more than five times the initial offering of approximately $250 million dollars.

·   As a result, AviancaTaca will have more than 50,000 new shareholders.

Yesterday, AviancaTaca´s share issue in the Colombian market ended with extreme success. Even with preliminary results, the requests for shares exceeded $1.5 billion dollars, more than 5 times the initial offering of approximately $250 million dollars.

Fabio Villegas, President of AviancaTaca said: “First of all we want to thank all the people that believe in our company and that have placed their trust in us. It fills us with pride that now AviancaTaca will have more than 50.000 new owners, that will allow us to continue growing and positioning ourselves as one of the leading airlines in the region”.

The validation process of the requests will begin Monday April 18th and the share allocation will be made between Friday April 29th and Thursday May 5th, The final allocation will be communicated on May 6th. Starting May 11th 2011, the new shares will start trading on the Colombian Stock Exchange (BVC).

The allocation process will be done in two layers. Employees and members of the AviancaTaca loyalty program will have priority in the allocation of shares with amounts of up to approximately $8.000 dollars per person and the rest will be allocated on a prorata basis.  In reference to this, AviancaTaca´s President stated: “I am not aware of any prior case where frequent travelers of an airline have had priority in obtaining shares. In AviancaTaca we wanted to recognize our client’s loyalty and are thrilled by the great response we received.”

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