Axia Energia to convert 35,083,761 preferred shares into common shares
AXIA•Axia Energia will convert 35,083,761 Class C preferred shares into ordinary shares at a 1:1 ratio on October 19, 2026, and pay R$1.91 billion for the redemption of 32,095,169 shares on October 26.
1. Conversion and redemption
Axia Energia will convert 35,083,761 Class C preferred shares into ordinary shares at a 1:1 ratio on October 19, 2026. The fifth redemption covers 32,095,169 Class C preferred shares, or 47.78%, which will be canceled. Redemption payments totaling R$1.91 billion are scheduled for October 26; American Depositary Receipt holders will receive proceeds within seven business days after that date.
