Corporate ActionAug 6, 2026, 08:18 AM
AXIA Energia Redeems R$2.0B Class C Preferred Shares
AI Summary
AXIA Energia S.A. announced the second redemption/conversion operation for its Class C Preferred Shares (PNC). The company's Board of Directors approved the redemption of 37,237,014 PNC shares, totaling R$ 2.0 billion, at R$ 53.71 per share. Shareholders have the option to convert their PNC shares into common shares at a 1:1 ratio between August 12 and August 14, 2026, with the conversion date set for August 18, 2026. ADR holders will have their shares mandatorily redeemed.
Key Highlights
- Board approved redemption of 37,237,014 Class C Preferred Shares (PNC).
- Total redemption amount is R$ 2.0 billion, representing 6.14% of PNC shares.
- Redemption value per PNC share is R$ 53.71.
- Shareholders can elect to convert PNC shares to common shares at 1:1 ratio from August 12-14, 2026.
- Conversion into common shares will occur on August 18, 2026.
- Redemption payment date is August 24, 2026.
- ADR holders will have their PNC shares mandatorily redeemed, without a conversion option.
Price Impact
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