ELP Cia Paranaense De Energia Copel - ADR

Filed: 25 Apr 21, 8:00pm


Washington, D.C. 20549





Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934


For the month of April, 2021

Commission File Number 1-14668




(Exact name of registrant as specified in its charter)


Energy Company of Paraná

(Translation of Registrant's name into English)


Rua Coronel Dulcídio, 800
80420-170 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011

(Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.  Form 20-F ___X___ Form 40-F _______

 Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

Yes _______ No ___X____





1st UNIT Program is Approved

by the Board of Directors


Companhia Paranaense de Energia – COPEL (“Company”), a company that generates, transmits, distributes and sells energy, with shares traded on B3 (CPLE3, CPLE5, CPLE6), NYSE (ELPVY, ELP) and LATIBEX (XCOP), further to the material facts 06/21 and 07/21, hereby informs its shareholders and the market in general that the Board of Directors approved, today, the conversion of shares and the formation of share deposit certificates (“UNITs”) under the 1st Share Conversion and Share Deposit Certificate Formation Program (“1st UNITs Program” or “Program”).

As informed in the relevant fact 07/21, during the request period, the non-controlling shareholders requested (i) the conversion of 362,580,947 common shares into class “B” preferred shares, the conversion of 139,520 class “A” preferred shares into class “B” preferred shares, the total conversion of 82,330,391 class “B” preferred shares into common shares; and (ii) the formation of 248,134,108 UNITs, at the central depository of assets.

In addition, pursuant to items 1.10 and 2.6 of the 1st UNIT Program, the State of Paraná, as the controlling shareholder, after the request period, required (i) the conversion of 115,969,784 common shares into class “B preferred shares ”; and (ii) the formation of 28,992,446 UNITs, in the book-entry environment. Consequently, after the conversions, the State maintains its participation of 31.1% in the total capital of the Company, being 5.3% in UNITs.

Accordingly, the Board of Directors approved (i) the ratification of the capital stock, fully subscribed and paid up, in the amount of R$10,800,000,000.00, which, after the conversion of shares, will now be represented by 2,736,553,750 shares, without nominal value, being 1,054,090,460 common shares, 3,128,000 class “A” preferred shares, and 1,679,335,290 class “B” preferred shares; and (ii) the total formation of 277,126,554 UNITs.

The Board of Directors also established that UNITs will be formed, issued and credited to shareholders on April 26, 2021.

The UNITs will start to be effectively traded on the stock market of B3 S.A.- Brasil, Bolsa, Balcão under the code CPLE11 as of April 26, 2021,

(including this date).


Curitiba, April 23, 2021.


Adriano Rudek de Moura

Chief Financial and Investor Relations Officer

For further information, please contact the Investor Relations team: or (41) 3331-4011








Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date April 23, 2021



/S/  Daniel Pimentel Slaviero

 Daniel Pimentel Slaviero
Chief Executive Officer





This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.