COPEL Board Approves Amendment and Renewal of Share Buyback Program
Companhia Paranaense de Energia (COPEL) announced the amendment and renewal of its share buyback program approved by the Board of Directors on May 21, 2026. The program allows the company to acquire up to 285,506,846 additional common shares, which together with current treasury shares will represent 10% of total outstanding shares. The buyback term has been extended for 18 months, now ending on November 21, 2027. Acquisitions will be conducted on B3 at market prices through designated financial institutions including ItaΓΊ, BTG Pactual, and Morgan Stanley. The program maintains its purpose for treasury shares, cancellation, or sale without reducing share capital, and to meet share-based incentive plan requirements. The company emphasized that buybacks will be limited to current fiscal year profit balance and available reserves, without affecting dividend distributions.