Corporate ActionJun 15, 2026, 08:02 AM
AXIA Energia Redeems R$30M in Class C Preferred Shares
AI Summary
AXIA Energia S.A. announced the Board's approval for the redemption of 576,923 Class "C" preferred shares (PNCs), totaling R$30 million. This initial transaction, equivalent to 0.0951% of the class, aims to evaluate the redemption/conversion mechanism. Shareholders can choose automatic redemption at R$52.00 per share or elect to convert their PNCs into common shares at a 1:1 ratio between June 23 and June 29, 2026. ADR holders will not have the conversion option and will undergo mandatory redemption.
Key Highlights
- AXIA Energia's Board approved the redemption of 576,923 Class "C" preferred shares (PNCs).
- Total redemption amount is R$30 million, representing 0.0951% of this class of shares.
- Redemption value per PNC share is R$52.00, based on the June 12, 2026 common share closing price.
- Shareholders can elect to convert PNCs to common shares at a 1:1 ratio from June 23-29, 2026.
- B3 record date for the redemption is June 18, 2026, with an ex-rights date of June 19, 2026.
- Conversion into common shares will occur on July 1, 2026, and redemption payment on July 7, 2026.
- Holders of American Depositary Receipts (ADRs) will have their PNC shares mandatorily redeemed.
Price Impact
More from AXIA