BuybackMay 22, 2026, 06:02 AM
Copel Board Approves Renewal of Share Repurchase Program
AI Summary
Companhia Paranaense de Energia (Copel) announced that its Board of Directors approved the amendment and renewal of its Share Repurchase Program. This decision extends the program's term and updates its scope and maximum number of shares, accounting for the mandatory conversion of preferred shares into common shares in 2025. Additionally, the Board approved the 2025 Reference Form for submission to the CVM and the annual evaluation results and succession plan for statutory executives.
Key Highlights
- Copel's Board of Directors approved the amendment and renewal of its Share Repurchase Program.
- The program's term is extended, and its scope and maximum number of shares are updated.
- The update considers the mandatory conversion of preferred shares into common shares in 2025.
- The original program was approved on November 25, 2024, and amended on January 29, 2025.
- The Board also approved the 2025 Reference Form for submission to the Brazilian Securities and Exchange Commission (CVM).
- Results of the annual evaluation process and the Succession Plan for Statutory Executives were also approved.
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