BuybackMay 22, 2026, 06:02 AM
ENERGY CO OF PARANA Renews Share Buyback for 285.5M Shares
AI Summary
Companhia Paranaense de Energia (COPEL) announced the amendment and renewal of its share repurchase program. The Board of Directors approved the acquisition of up to 285,506,846 additional common shares, representing 10.0% of the total outstanding shares. The program's term has been extended for an additional 18 months, now ending on November 21, 2027, with acquisitions funded by profits and capital reserves without affecting dividend distributions.
Key Highlights
- The Board of Directors approved the amendment and renewal of the share repurchase program.
- The program's purpose is to acquire shares for treasury, cancellation, sale, or to meet share-based incentive plans.
- The company can acquire up to 285,506,846 additional common shares.
- This represents 10.0% of the total outstanding shares (2,982,301,396 common shares outstanding).
- Currently, 12,723,294 common shares are held in treasury.
- The program term was renewed for an additional 18 months, ending November 21, 2027.
- Acquisitions will be made on B3 at market prices, limited to current fiscal year profits and available reserves.
- Transactions may be carried out through Itaú Corretora, BTG Pactual, and Morgan Stanley Corretora.
Price Impact
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