Companhia Paranaense de Energia - COPEL (ELP)
Filed: 21 Nov 17, 12:00am
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of November, 2017
Commission File Number 1-14668COMPANHIA PARANAENSE DE ENERGIA
(Exact name of registrant as specified in its charter)
Energy Company of Paraná
(Translation of Registrant's name into English)
Rua Coronel Dulcídio, 800
80420-170 Curitiba, Paraná
Federative Republic of Brazil
(5541) 3222-2027
80420-170 Curitiba, Paraná
Federative Republic of Brazil
(5541) 3222-2027
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______
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____
Adherence to the Sanepar Units Program
Companhia Paranaense de Energia – COPEL, a company that generates, transmits, distributes and sells power, with shares listed on the NYSE (ELPVY, ELP), B3 (CPLE3, CPLE5, CPLE6) and the LATIBEX (XCOP), announces to its shareholders and to the market in general that it submitted today the request for the conversion of shares and for the adhesion to the Units program of the Companhia de Saneamento do Paraná - SANEPAR.
Copel Holding, holder of thirty-six million, three hundred and forty-three thousand, two hundred and sixty-seven (36,343,267) preferred shares issued by SANEPAR, requested a conversion of seven million, two hundred and sixty-eight thousand, six hundred and fifty-five (7,268,655) preferred shares in common shares and the formation of seven million, two hundred and sixty-eight thousand, six hundred and fifty-three (7,268,653) Units.
Copel Comercialização, holder of seven million, nine hundred and fifty-six thousand, three hundred and six (7,956,306) common shares of SANEPAR, requested the conversion of six million, three hundred and sixty-five thousand and forty four (6,365,044) common shares in preferred shares and the formation of one million, five hundred and ninety-one thousand, two hundred and sixty-one (1,591,261) Units.
The tables below summarize the operation.
| Shareholder | Common | Preferred | TOTAL | Stake in Sanepar TotalShares | |
| Current Position | Copel Holding S.A. | - | 36,343,267 | 36,343,267 | 7.2% |
| Copel Comercialização S.A | 7,956,306 | - | 7,956,306 | 1.6% | |
| Total | 7,956,306 | 36,343,267 | 44,299,573 | 8.8% |
| Shareholder | Common | Preferred | TOTAL | |
| Position After Conversion | Copel Holding S.A. | 7,268,655 | 29,074,612 | 36,343,267 |
| Copel Comercialização S.A | 1,591,262 | 6,365,044 | 7,956,306 | |
| Total | 8,859,917 | 35,439,656 | 44,299,573 |
| Shareholder | Units | |
| Position After Formation of Units | Copel Holding S.A. | 7,268,653 |
| Copel Comercialização S.A | 1,591,261 | |
| Total | 8,859,914 | |
| Each Unit corresponds to 1 common share and 4 preferred shares | ||
On June 30, 2017, the Company has R$469.5 million in its assets, in the account "other temporary investments" related to COPEL's interest in SANEPAR.
Curitiba, November 17, 2017.
Adriano Rudek de Moura
Chief Financial and Investor Relations Officer
For further information, please contact our Investor Relations team:
ri@copel.com or (41) 3222-2027
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date November 21, 2017
| COMPANHIA PARANAENSE DE ENERGIA – COPEL | ||
| By: | /S/ Antonio Sergio de Souza Guetter | |
Antonio Sergio de Souza Guetter Chief Executive Officer | ||
FORWARD-LOOKING STATEMENTS
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.