On Thursday, August 6, 2026, Axia Energia (AXIA3) approved the redemption of 37,237,014 class C preferred shares (PNC), equivalent to R$ 2 billion and 6.14% of this class of share. The redemption amount will be R$ 53.71 per PNC share, a price corresponding to the closing quotation of the company’s common shares in the August 5, 2026 trading session.
The record date at B3 is August 7, 2026 and, as of August 10, 2026, PNC shares will be traded ex-rights related to the redemption or conversion transaction. Shareholders who do not indicate an option for conversion will have their PNC shares automatically redeemed. Information on tax treatment for non-resident investors (INRs) is detailed in the Notice to Shareholders released by the company.
Holders of PNC shares may, instead of redemption, opt for the full or partial conversion of these shares into common shares, at the ratio of 1 common share for each 1 PNC share. The election period runs from August 12 to 14, 2026, through the custodian agent or broker, in the case of shares deposited at B3’s Central Depository, or through Itaú Corretora de Valores, in the case of book-entry shares. The common shares issued as a result of the conversion will be delivered on August 18, 2026.
Payment of the redemption amount for PNC shares is scheduled for August 24, 2026. Under Axia Energia’s bylaws, the redemption of PNC shares will disregard fractional shares. For holders of American Depositary Receipts (ADRs), there will be no option to convert into common shares, and the underlying PNC shares will be mandatorily redeemed, with Citibank N.A., as depositary, receiving the redemption amount and passing it on to ADR holders within up to seven business days after the payment date to shareholders on B3.
