Companhia Estadual de Distribuição de Energia Elétrica (BOVESPA:CEED3) announces a share repurchase program. Under the program, the company will repurchase up to 214 shares, representing 0.000002% of its outstanding shares. The company will repurchase its shares at market prices. The shares repurchased will be held in treasury and further cancelled or sold. The purpose of the program is to avoid adverse effects for the shareholders in relation to the grouping of shares of 2009 and the new grouping approved in April 2016. The repurchases would be made till May 17, 2017. At May 16, 2016, the company has 131,953,482 shares outstanding.