Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
Material Fact – 06/20
Hiring of Specialized Advisory Services for the Implementation of a Securities Deposit Certificate Program ("Units")
Companhia Paranaense de Energia - COPEL, a company that generates, transmits, distributes and sells power, with shares listed on B3 (CPLE3, CPLE5, CPLE6), the NYSE (ELPVY, ELP) and the LATIBEX (XCOP), hereby announces to its shareholders and the market in general that Copel's Board of Directors authorized, in its 204th Ordinary Meeting, held today, the hiring of financial and legal specialists, with the objective of advising the Company in all aspects involving the implementation of a Securities Deposit Certificate Program ("Units"), including the evaluation of opportunities for improvement in corporate governance and share liquidity, such as initiatives for migration from Level 1 to Level 2 of B3 - São Paulo Stock Exchange, and stock split, among others.
The final approval of the Units program, as well as the potential migration of corporate governance level and stock split would only take place in a Special Shareholders' Meeting on a date to be determined, according to the legal and statutory governance procedures of the Company.
The Board of Directors also authorized the hiring of a securities depository, which will be critical to the successful implementation of the respective Units.
The Company will keep the market informed on the progress of its activities, in accordance with the governance procedures, applicable laws and regulations.
Curitiba, July 15, 2020.
Adriano Rudek de Moura
Chief Financial and Investor Relations Officer
For further information, please contact the Investor Relations team: ri@copel.com or +55 41 3331-4011
COMPANHIA PARANAENSE DE ENERGIA – COPEL | ||
By: |
/S/ Daniel Pimentel Slaviero
|
|
Daniel Pimentel Slaviero Chief Executive Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.