Axia Energia to redeem R$3.48 billion in preferred shares
AXIA•Axia Energia will redeem 59,264,305 class C preferred shares for R$3.48 billion, or R$58.72 per share, payable November 6, 2026. Holders can elect conversion into ordinary shares from October 26–28; otherwise, redemption is automatic.
1. Redemption terms
Axia Energia will redeem 59,264,305 class C preferred shares, representing 18.54% of the class, for R$3.48 billion. Payment of R$58.72 per share is scheduled for November 6, 2026.
2. Conversion and payment
Holders may elect full or partial conversion into ordinary shares at a 1:1 ratio from October 26–28, 2026. Conversion shares are due October 30; the record date is October 21, and trading ex-rights starts October 22. Preferred shares underlying ADRs are subject to mandatory redemption, with ADR holders to receive payment within seven business days of the B3 shareholders’ payment date.
