On Wednesday, September 9, 2026, Axia Energia (AXIA3, AXIA7) announced that the period for expressing interest in converting Class C preferred shares (PNC) into common shares (ON) will begin on September 10, 2026 and end on September 14, 2026, inclusive. If shareholders do not express their choice within this period, their PNC shares will be automatically redeemed, as provided for 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 ON shares. The PNC shares underlying the ADRs will be mandatorily redeemed, and the depositary, Citibank N.A., 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 take place on September 22, 2026, while payment to ADR holders will be made by October 1, 2026, according to the company.
