Koppel reported on Friday the 11th that the process of converting the company into a corporation, without a controlling shareholder, had been completed. A reform of the company’s bylaws to allow for this shift was expected by Estadão.
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The conclusion, according to the company, occurred in light of the financial liquidation of the secondary primary offering of shares owned by the State of Paraná and the primary primary offering of new shares in kopecks.
Thus, the state of Paraná reduced its shareholding with voting rights from 69.66% to approximately 32.32%, so that Copel ceased to be a mixed-capital company which is part of the indirect general administration of Paraná and is subject to its provisions. provided for in the State-owned Enterprise Law.
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In addition, the company says that if a supplementary lot put option is exercised equal to up to 15% of the underlying offering, Paraná State’s equity participation with voting rights may be reduced to 26.96. %.
Through a statement, Koppel emphasized that decisions made at the Extraordinary General Assembly (AGE) meeting on July 10 have “immediate effect.”
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The Company promotes the creation and issuance of gold shares (a special class preferred share) owned by the State of Paraná and establishes a limit so that no shareholder or group owns more than 10% of the total shares with voting rights in each deliberation.
