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 ENERGIA S/A
NOTICE TO INVESTORS
CPFL ENERGIA S/A (Company), a company headquartered at Rua Gomes de Carvalho, n° 1510, 14° andar, cj. 02, Vila Olímpia, São Paulo SP, Brazil, hereby discloses to its shareholders and the market that the International Finance Corporation (IFC), on April 27, 2005, has expressed its intention to exercise certain subscription rights in connection with the Companys common shares. Such subscription rights arise out from an agreement between IFC and the Company dated December 5, 2003 and will be exercised as a partial conversion into common shares of the IFCs US$ 40 million loan to Company, as provided by the Investment Agreement dated June 25, 2003.
The IFC intends to exercise its subscription rights in four installments over the next twelve months. The first is scheduled to take place within 10 days as of April 27, 2005 and will result in the IFC subscribing for 1,440,409 common shares issued by the Company at a price per share equivalent to R$ 17.57, for a total of R$ 25,308,000.00.
The Company shall inform its shareholders and the market upon any further exercises of such subscription rights by IFC.
São Paulo, May 2, 2005.
José Antonio de Almeida
Filippo
Investor Relations Executive
Officer
CPFL ENERGIA S.A.
| ||
|
By: /S/
JOSÉ ANTONIO DE ALMEIDA FILIPPO
| |
Name: José Antonio de Almeida Filippo
Title: 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.