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LATAM Airlines Group Announces Material Fact

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Copyright © Thomson Reuters 2013. All rights reserved.
2013-05-01 01:20:02 -

Santiago, Chile, April 30, 2013- LATAM Airlines Group S.A. and its subsidiaries,
("LATAM  Airlines Group"  or "the  Company") (NYSE:  LFL /  IPSA: LAN /
LATM11),  the leading airline  group in Latin  America, announced today that its
Board  of Directors agreed to call an Extraordinary General Shareholders Meeting
for  June 11, 2013, in  order to  submit for  shareholder approval the following
1.                      To  increase the shareholders' equity  of the
Company in
the  amount of  US$1.0 billion,  through the  issuance of  a number  of ordinary
shares  to be determined by the shareholders,  for the purpose of financing part
of  its investment  plan for  the following 
years, especially fleet growth and renewal requirements, as well as to strengthen the financial position of the Company; 2.                      To utilize part of the capital increase for compensation plans, in accordance with Chilean corporate law;      3.                      To determine the price, mechanism, timing and procedures for the placement of the issued shares or to delegate to the Board of Directors the ability to determine the price, mechanism, timing, procedures and other conditions for the issuance of such shares, including but not limited to all the terms and conditions of the Company's compensation plans; 4.                      To modify the Company's by-laws to reflect the agreements of the Shareholders Meeting; and 5.                      To adopt the necessary agreements in order to implement the decisions and the by-law modifications agreed upon by the shareholders. LATAM Offering 30042013: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: LATAM Airlines Group via Thomson Reuters ONE [HUG#1698296]

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