Cemig Files 6-K: Dividends, 1Q2024 Earnings, Moody's Upgrade

Ticker: CIG-C · Form: 6-K · Filed: Jul 18, 2024 · CIK: 1157557

Energy CO Of Minas Gerais 6-K Filing Summary
FieldDetail
CompanyEnergy CO Of Minas Gerais (CIG-C)
Form Type6-K
Filed DateJul 18, 2024
Risk Levellow
Pages13
Reading Time16 min
Key Dollar Amounts$5,764,273, $3,124,577 thousand, $2,591,459 thousand, $533,118 thousand, $0.24226860196
Sentimentneutral

Sentiment: neutral

Topics: dividend, earnings, rating-upgrade, filing

Related Tickers: CEMIG

TL;DR

Cemig 6-K out: Dividends, 1Q2024 earnings, and Moody's upgrade details are in.

AI Summary

Energy Company of Minas Gerais (Cemig) filed a Form 6-K on July 18, 2024, reporting on various corporate actions. These include a Notice to Shareholders regarding dividends and bonus from April 29, 2024, the filing of its Form 20-F on April 30, 2024, and its 1Q2024 Earnings Release. Additionally, the filing references minutes from shareholder meetings on April 29, 2024, and a Moody's rating upgrade on May 8, 2024.

Why It Matters

This filing provides investors with key financial and corporate governance updates for Cemig, including dividend information and recent performance metrics.

Risk Assessment

Risk Level: low — This filing is a routine report of foreign private issuer information and does not contain new material adverse events.

Key Players & Entities

FAQ

What specific dividend amount was announced on April 29, 2024?

The filing does not specify the exact dividend amount in the provided text, only that a Notice to Shareholders regarding dividends and bonus was issued on April 29, 2024.

What were the key highlights of Cemig's 1Q2024 Earnings Release?

The provided text mentions the existence of the 1Q2024 Earnings Release but does not detail its specific financial results or highlights.

What was the nature of the Moody's rating upgrade mentioned?

The filing states that Moody's upgraded Cemig's ratings, as noted in a market notice dated May 8, 2024, but does not specify the rating or the reasons for the upgrade.

What is the purpose of a Form 6-K filing for Cemig?

A Form 6-K is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, used to provide information that the registrant makes or is required to make public in its home country.

When did Cemig file its Form 20-F?

Cemig filed its Form 20-F on April 30, 2024, as indicated by a market notice.

Filing Stats: 4,012 words · 16 min read · ~13 pages · Grade level 8.7 · Accepted 2024-07-18 14:29:41

Key Financial Figures

Filing Documents

Forward-Looking Statements

Forward-Looking Statements This report contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. Actual results could differ materially from those predicted in such forward-looking statements. Factors which may cause actual results to differ materially from those discussed herein include those risk factors set forth in our most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission. CEMIG undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof, and claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

SIGNATURES

SIGNATURES 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. COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG By: /s/ Leonardo George de Magalhães Name: Leonardo George de Magalhães Date: July 18, 2024 Title: Chief Finance and Investor Relations Officer 1- Notice to Shareholders dated April 29, 2024 – Resolutions of the AESM - Dividends and Bonus COMPANHIA ENERGÉTICA DE MINAS GERAIS - CEMIG PUBLICLY-HELD COMPANY Corporate Taxpayer’s ID (CNPJ): 17.155.730/0001-64 Company Registry (NIRE): 31300040127 NOTICE TO SHAREHOLDERS Resolutions of the AESM - Dividends and Bonus We hereby inform our shareholders that the Annual and Extraordinary Shareholders’ Meeting (AESM) held on this date, resolved, among other matters, the following: 1. DIVIDENDS: a) As for the net income for 2023 , in the amount of R$5,764,273 thousand, R$3,124,577 thousand shall be allocated as mandatory dividends for Company shareholders, to be paid in two equal installments, with the first installment paid by 06/30/2024, and the second by 12/30/2024, as follows: ✓ To ratify R$2,591,459 thousand as Interest on Equity (“IOE”), already declared according to the table below; Approval Date Date “with rights” Date “ex-rights” Per common/preferred share (R$) Total Amount R$ thousand 12/14/2023 12/21/2023 12/22/2023 0.601020796 1,322,561 09/20/2023 09/25/2023 09/26/2023 0.189942896 417,974 06/20/2023 06/23/2023 06/26/2023 0.193907405 426,698 03/22/2023 03/27/2023 03/28/2023 0.192784036 424,226 TOTAL 1.177655133 2,591,459 ✓ To declare R$533,118 thousand as dividends, corresponding to R$0.24226860196 per common/preferred share, payable to shareholders registered in the Book of

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