Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Companhia Paranaense de Energia - COPEL    CPLE6   BRCPLEACNPB9

COMPANHIA PARANAENSE DE ENERGIA - COPEL

(CPLE6)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Companhia Paranaense de Energia COPEL : Summary of the 194th Board of Directors' Meeting

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/04/2019 | 06:17pm EDT

COMPANHIA PARANAENSE DE ENERGIA - COPEL

Corporate Taxpayer's ID (CNPJ): 76.483.817/0001-20

PUBLICLY HELD COMPANY

CVM Registration No: 1431 - 1

MINUTES OF THE ONE HUNDRED AND NINETY FOURTH

ORDINARY BOARD OF DIRECTORS' MEETING

1. VENUE: Rua Coronel Dulcídio nº 800, Curitiba - PR. 2. DATE: 09.04.2019 - 8:30 a.m. 3. PRESIDING BOARD: MARCEL MARTINS MALCZEWSKI - Chairman; and DENISE TEIXEIRA GOMES - Meeting Secretary. 4. MATTERS DISCUSSED AND RESOLUTIONS:

  1. The Board of Directors received information and discussed matters related to the updating of the Company's financial scenario.
  1. The Board of Directors unanimously approved the payment of the Advance for Future Capital Increase - AFAC by Copel (Holding) and Copel Geração e Transmissão S.A. to UEG Araucária Ltda. - UEGA for the months of August and September 2019, to be treated as AFAC, and the remaining increase in capital is conditioned to a contribution made by partner Petrobras and a resolution by the Quotaholders' Meeting of UEGA, to be held on 09.30.2019. The judicialization of the matter has been previously approved in case of non-compliance.
  1. The Board of Directors unanimously resolved: a) not to approve the granting of a loan to affiliate company Sercomtel; and b) to approve the sending of a letter to the Municipality of Londrina that formalizes Copel's intention not to exercise its subscription right and the renunciation of such right in the capital increase of Sercomtel S.A. - Telecomunicações, subject to the possibility of Copel exercising its Tag-Along Rights or Withdrawal Rights.

IV. The Board of Directors unanimously approved the base text of the 2018 Public Policy and Corporate Governance Annual Policy, requesting additions and the final review to be carried out by the Chairman of the Board of Directors.

  1. The Board of Directors unanimously approved amendments to its Rules of Procedure.
    VI. The Board of Directors unanimously approved its meeting calendar for 2020.

VII. The Board of Directors approved the continuation of negotiations related to the Company's 2019-2020 Collective Bargaining Agreement, in the terms presented and according to the criteria defined in the presentation held by the Company, with the abstention of Board Member Adriana Angela Antoniolli, who declared herself impeded by representing the employees.

VIII. The Board of Directors received updated information and following steps on the work being carried for the development of the 2020-2024 Strategic Planning.

IX. The Board of Directors took knowledge of a presentation on the advisory services hired for the sale process of Copel Telecomunicações S.A., Rothschild Bank, financial advisor, and Cescon Barrieu, legal advisor, debated the matter and made their recommendations.

  1. The Board of Directors received information on Copel's possible participation in the Aneel Auction A-6 2019, to be held by Agência Nacional de Energia Elétrica - Aneel and expected to take place on 10.17.2019.

XI. The Board of Directors received information from Fundação Copel de Previdência e Assistência Social regarding the Pension and Health Plans co-sponsored by Copel.

XII. The Board of Directors took knowledge of Copel's Sponsorship and Communication Policies and reports containing information on sponsorships deals made by the Company in 2017, 2018 and 2019, including incentivized sponsorships, and requested the subject to be re- discussed in January with the results for 2019 and prospects for 2020.

XIII. The Board of Directors received information on the Remediation, Repair and Collaboration Plan for UEG Araucária Ltda. - UEGA.

XIV. The Board of Directors received a report from the Statutory Audit Committee on various matters and discussed the topics and made his recommendations.

XV. The Board of Directors received a report from the CEO on various corporate matters.

XVI. The Board of Directors held an Executive Session of the Board.

5. SIGNATURES: MARCEL MARTINS MALCZEWSKI - Chairman; DANIEL PIMENTEL SLAVIERO - Executive Secretary; ADRIANA ANGELA ANTONIOLLI; CARLOS BIEDERMANN; GUSTAVO BONINI GUEDES; LEILA ABRAHAM LORIA; LUIZ CLAUDIO MAIA VIEIRA; MARCO ANTÔNIO BARBOSA CÂNDIDO; OLGA STANKEVICIUS COLPO; and DENISE TEIXEIRA GOMES - Meeting Secretary.

This is a free translation of the minutes of Copel's 194th Extraordinary Board of Directors' Meeting

drawn up in the Company's Book no. 10.

DENISE TEIXEIRA GOMES

Secretary

Disclaimer

COPEL - Companhia Paranaense de Energia published this content on 04 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 September 2019 22:16:05 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMPANHIA PARANAENSE DE EN
10/22COMPANHIA PARANAENSE DE ENERGIA COPE : Notice to Debenture Holders - Interest Pa..
PU
10/22COMPANHIA PARANAENSE DE ENERGIA COPE : IR 25/19 - Copel Distribuição's Grid Mark..
PU
10/22COMPANHIA PARANAENSE DE ENERGIA COPE : Notice to Debenture Holders - Interest Pa..
PU
10/18COMPANHIA PARANAENSE DE ENERGIA COPE : IR 24/19 - Copel wins auction for the con..
PU
10/17COMPANHIA PARANAENSE DE ENERGIA COPE : Call Notice 106th Copel GeT´s Extraordina..
PU
10/17[6-K] REPORT OF FOREIGN ISSUER [RULE : - 17-10-19
PU
10/16COMPANHIA PARANAENSE DE ENERGIA COPE : IR 23/19 - Copel Distribuição launches &l..
PU
10/16COMPANHIA PARANAENSE DE ENERGIA COPE : Summary of the 195th Board of Directors' ..
PU
10/15COMPANHIA PARANAENSE DE ENERGIA COPE : Acquisition of Participation
PU
10/08[6-K] REPORT OF FOREIGN ISSUER [RULE : - 08-10-19
PU
More news
Financials (BRL)
Sales 2019 15 334 M
EBIT 2019 2 811 M
Net income 2019 1 593 M
Debt 2019 9 103 M
Yield 2019 2,68%
P/E ratio 2019 9,19x
P/E ratio 2020 8,19x
EV / Sales2019 1,52x
EV / Sales2020 1,46x
Capitalization 14 248 M
Chart COMPANHIA PARANAENSE DE ENERGIA - COPEL
Duration : Period :
Companhia Paranaense de Energia - COPEL Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COMPANHIA PARANAENSE DE EN
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 54,85  BRL
Last Close Price 53,20  BRL
Spread / Highest target 22,2%
Spread / Average Target 3,10%
Spread / Lowest Target -30,3%
EPS Revisions
Managers
NameTitle
Daniel Pimentel Slaviero Chief Executive Officer & Director
Marcel Martins Malczewski Chairman
Adriano Rudek de Moura Chief Financial Officer
Leila Abraham Loria Independent Director
Olga Stankevicius Colpo Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
COMPANHIA PARANAENSE DE ENERGIA - COPEL73.13%3 471
NEXTERA ENERGY, INC.35.91%113 183
ENEL S.P.A.35.57%77 448
DUKE ENERGY CORPORATION10.45%69 450
DOMINION ENERGY, INC.15.90%68 071
IBERDROLA29.75%64 535