On Thursday, September 3, 2026, Axia Energia (AXIA3, AXIA7) reported that its Board of Directors approved the redemption of 111,591,072 Class C preferred shares (PNC), equivalent to R$ 6.2 billion and 19.61% of this class of shares. The redemption price was set at R$ 55.56 per PNC share, corresponding to the closing price of the company’s common shares in the trading session of September 2, 2026.
The record date at B3 to determine the holders of PNC shares will be September 4, 2026, and as of September 8, 2026, PNC shares will trade ex-rights. Shareholders who do not express an option for conversion will have their PNC shares automatically redeemed. Payment of the redemption amount is scheduled for September 22, 2026, and fractional shares will be disregarded, in accordance with the bylaws.
Holders of PNC shares may, instead of redemption, opt for the full or partial conversion of the shares subject to redemption into common shares, at a ratio of 1 common share for each 1 PNC share. The period to exercise this option will be from September 10 to 14, 2026, inclusive. The common shares issued as a result of the conversion will be delivered on September 16, 2026.
The option for conversion may be exercised through the custodian agent or broker, in the case of shares deposited at B3’s Central Depository, or through Itaú Corretora de Valores S.A., the registrar of Axia Energia shares, for shares held in book-entry form. Information on the tax treatment of the redemption, especially for non-resident investors, is detailed in the Notice to Shareholders released on the same date.
Holders of American Depositary Receipts (ADR) backed by PNC shares will not be entitled to the option of conversion into common shares. The PNC shares underlying these ADRs will be mandatorily redeemed, and the depositary, Citibank N.A., will receive the redemption amount and transfer it to the respective holders within up to seven business days after the redemption payment date to holders of PNC shares traded on B3.
