AXIA Energia S.A. provided guidelines for the redemption and conversion of Class C preferred shares (PNCs). Shareholders may elect to convert PNC shares into common shares at a 1:1 ratio during a five-business-day election period; otherwise, shares will be automatically redeemed at the closing price of common shares on the trading session preceding the Board's resolution. ADR holders will not have the conversion option and their underlying PNC shares will be mandatorily redeemed. The company operates in the energy sector, providing electricity generation and distribution.
