On Friday, September 25, 2026, Axia Energia (AXIA3) announced the execution of the 4th operation for redemption or conversion of class “C” preferred shares (PNC) into common shares (ON), with the period for expressing interest running from September 28 to 30, 2026, inclusive.
According to the company, if shareholders do not express their interest 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 of conversion into ON shares. The PNC shares underlying the ADRs will be mandatorily redeemed, with the depositary agent, Citibank N.A., receiving the redemption amount and transferring it to the respective holders.
Payment of the redemption amount to holders of PNC shares traded on B3 will take place on October 8, 2026, while payment to ADR holders will be made by October 20, 2026.
