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____.
CPFL ENERGIAS RENOVÁVEIS S.A.
Listed Company
Corporate Taxpayers ID. (CNPJ/MF): 08.439.659/0001-50
CPFL ENERGIA S.A.
Listed Company
Corporate Taxpayers ID. (CNPJ/MF): 02.429.144/0001-93
CPFL GERAÇÃO DE ENERGIA S.A.
Listed Company
Corporate Taxpayers ID. (CNPJ/MF): 03.953.509/0001-47
MATERIAL FACT
CPFL Energia S.A. (“CPFL Energia”), CPFL Geração de Energia S.A. (“CPFL Geração”) and CPFL Energias Renováveis S.A. (“Company” or “CPFL Renováveis”), complementing the Material Facts published on February 17 and September 9, 2014 and in compliance with article 157, paragraph 4, of Law 6,404 of September 15, 1976, as amended and in effect (“Brazilian Corporations Law”) and CVM Instruction 358 of January 3, 2002, as amended, hereby announce to their shareholders and the market the following:
On this date, the Extraordinary Shareholders Meetings of CPFL Renováveis and WF2 Holding S.A. (“WF2”) approved the Merger (“Merger”) with the Company, of WF2, which holds the entire capital stock of Dobrevê Energia S.A. (“DESA”), thus concluding, with effect from October 1, 2014, the Merger and the consequent dissolution of WF2, with DESA becoming a subsidiary of the Company in accordance with the association agreement signed on February 17, 2014 (“Association Agreement”) by the Company, CPFL Geração, a subsidiary of CPFL Energia, Arrow – Fundo de Investimento em Participações (“Arrow”), WF2 and DESA, which stipulated the terms and conditions of the association between DESA and the Company (“Association”).
As a result of the Merger, (i) sixty-one million, seven hundred fifty-two thousand, seven hundred eighty-two (61,752,782) book-entry common shares with no par value (“New Shares”) will be issued by the Company on October 1, 2014, which will be of the same type and class, and have the same rights and benefits entitled to other shares issued by the Company, free and clear of all and any encumbrance and lien, which will be allotted to Arrow in its capacity as the sole shareholder of WF2. The swap ratio was freely negotiated between the Company and Arrow and is considered just and fair to their shareholders.
The approval of the Merger will not entitle withdrawal rights to Arrow, the sole shareholder of WF2, since Arrow approved the Merger without any restrictions, or withdrawal rights to the shareholders of the Company, pursuant to applicable law.
São Paulo, September 30, 2014.
Carlos Wilson Ribeiro
Chief Financial and Investors Relations Officer
CPFL Energias Renováveis S.A.
Gustavo Estrella
Chief Financial and Investor Relations Officer
CPFL Energia S.A.
Gustavo Estrella
Chief Financial and Investor Relations Officer
CPFL Geração de Energia S.A.
CPFL ENERGIA S.A. | ||
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By: |
/S/ GUSTAVO ESTRELLA
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Name: Title: |
Gustavo Estrella Chief Financial Officer and Head of Investor Relations |
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.