Axia Energia (AXIA3, AXIA7) approved on Tuesday, September 22, 2026, the redemption of 70,716,228 class C preferred shares (PNC), at a price of R$ 55.15 per share, totaling R$ 3.9 billion and corresponding to 15.46% of this share class. The record date at B3 was set for September 23, 2026, and as of September 24, 2026, PNC shares will trade ex-rights.
According to the company, shareholders who do not opt for conversion will have their PNC shares automatically redeemed. Holders of PNC shares may, instead of redemption, choose to convert all or part of these shares into common shares, at the ratio of 1 common share for each 1 PNC share, during the election period from September 28 to 30, 2026.
Conversion may be requested through the custodian agent or broker for shares deposited at B3’s Central Depository, or through Itaú Corretora de Valores S.A., the bookrunner/transfer agent for Axia Energia’s shares, for shares held in book-entry form. The common shares issued as a result of the conversion of PNC shares will be delivered on October 2, 2026.
Payment of the redemption amount for PNC shares is scheduled for October 8, 2026, disregarding share fractions, as set forth in the bylaws. Holders of American Depositary Receipts (ADRs) backed by PNC shares, however, will not be entitled to the option to convert into common shares; in these cases, the underlying shares will be mandatorily redeemed, and Citibank N.A., as depositary, will receive the redemption amount and pass it on to the respective holders within up to 7 business days after the redemption payment date at B3.
Axia Energia also reported that it has made available on its Investor Relations website a page dedicated to the redemption or conversion of PNC shares, providing additional information on procedures and tax treatment, especially for non-resident investors.
