On Friday, October 23, 2026, Axia Energia (AXIA3, AXIA7) announced that the 6th operation for converting Class "C" preferred shares (PNC) into common shares (ON) will have an expression period from October 26 to 28, 2026, inclusive. The operation complements the material fact disclosed on October 20, 2026.
According to the company, if shareholders do not express their choice within this period, their PNC shares will be automatically redeemed, as provided for in the reference material fact.
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, with the depositary agent, Citibank N.A., receiving the redemption amount and passing it on to the respective holders.
Payment of the redemption amount to holders of PNC shares traded on B3 is scheduled for November 6, 2026, while payment to ADR holders will take place by November 17, 2026.
