On Friday, October 2, 2026, Azevedo & Travassos (AZEV3; AZEV4) approved, in a meeting of the Board of Directors, a share capital increase in 2026 in the amount of R$ 4,147.20, resulting from the exercise of AZEV12 subscription warrants, whose last exercise period ended on September 25, 2026. In this increase, 72 new shares were issued, 24 common and 48 preferred.
The common shares were issued at a price of R$ 56.80 per share and the preferred shares at a price of R$ 58.00 per share, through the exercise of AZEV12 subscription warrants. The new shares are common and preferred, registered, book-entry, and without par value, and grant their holders, on equal terms with the existing shares, the same rights, including the receipt of dividends and interest on equity.
With the approval of the increase, the company's share capital will change from R$ 1,508,986,271.45, divided into 37,899,458 common shares and 73,325,687 preferred shares, totaling 111,225,145 shares, to R$ 1,508,990,418.65, divided into 37,899,482 common shares and 73,325,735 preferred shares, totaling 111,225,217 shares.
As previously reported in the notice of September 25, 2025, the last exercise period for AZEV11 and AZEV12 subscription warrants ended on September 25, 2026. AZEV11 and AZEV12 subscription warrants that were not exercised by that date lost their effectiveness and were automatically extinguished after the end of the last exercise period.
According to management, no material legal or economic consequences are expected from this capital increase, as it is a transaction carried out within the limit of authorized capital and resulting from the exercise of subscription warrants granted as an additional benefit in previously approved private capital increases.
