On Tuesday, August 11, 2026, Axia Energia (AXIA3, AXIA7) announced that the period for expressing interest in the conversion of class C preferred shares (PNC) into common shares will take place from August 12 to 14, 2026, inclusive. If shareholders do not express their intention within this period, their PNC shares will be automatically redeemed, as set forth in a previous material fact notice.
Holders of American Depositary Receipts (ADRs) backed by PNC shares will not be entitled to the option to convert into common shares. The PNC shares underlying the ADRs will be mandatorily redeemed, and Citibank N.A., in its capacity as depositary, will receive the redemption amount and pass it on to the respective holders.
Payment of the redemption amount to holders of PNC shares traded on B3 will occur on August 24, 2026, while payment to ADR holders will be made by September 2, 2026. The company has made its investor relations email available for further clarification.
