Eletrobras withdrew from the agenda of the extraordinary shareholders’ meeting to be held this Thursday the resolutions referring to the redemption of preferred class “A” shares issued by the company.
The decision comes after the electric company received a letter from the Brazilian Securities and Exchange Commission (CVM) informing that the collegiate had recognized “alleged ineffectiveness of the statutory device” in which this item was guided for deliberation at the meeting.
In a statement to the market, Eletrobras said that it will study with its advisors the alternatives related to the subject and, in due course, will inform shareholders about the possible resumption of these resolutions in a future meeting.
The proposal to redeem PNA shares was announced in November last year, when the company decided to suspend its migration project to B3’s Novo Mercado due to the macroeconomic scenario and market conditions.
Under the previous plan, the PNA shares would be redeemed at the price of R$48.4502 per share, and would subsequently be cancelled. The proposal, according to Eletrobras, was based on the authorization provided for in its bylaws and aimed at rationalizing and simplifying its shareholder base, as well as reducing compliance costs.
At the meeting scheduled for this Thursday (5), the company’s shareholders must resolve on the incorporation, by Eletrobras, of shares in its subsidiaries Chesf, CGT Eletrosul, Furnas and Eletronorte.
Source: CNN Brasil
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