Axia Energia to convert 10,259,192 preferred shares into common stock
Reuters2026/08/17 21:13- Axia Energia will convert 10,259,192 class C preferred shares (PNC) into common shares (ON) on Aug. 18, 2026.
- Redemption, cancellation of 37,174,293 PNC shares set for Aug. 24, 2026, with cash settlement on the same day.
- ADR holders to receive the redemption proceeds within seven business days following Aug. 24, 2026.
- Post-transaction share capital: 2,347,248,487 ON shares; 569,057,002 PNC shares; one government golden share.
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