Axia Energia board approves up to R$ 3.48 billion redemption of Class C preferred shares
EBR•Axia Energia’s board approved a compulsory redemption of up to R$ 3.48 billion covering 59,264,305 Class C preferred shares, or 18.54% of that class. The terms reference the shares’ October 19 closing price of R$ 58.72.
1. Redemption approved
Axia Energia’s board unanimously endorsed the company’s sixth Class C preferred share redemption at a meeting on October 20, 2026. The operation covers 59,264,305 shares to be redeemed or converted, representing 18.54% of the Class C preferred shares, and will total up to R$ 3.48 billion. Directors authorized executive management to implement it.
