EBR Centrais Electricas Brasileiras SA

Eletrobras (EBR) shareholders approved a comprehensive overhaul of its capital structure and bylaws, introducing four new preferred share classes (PNA1, PNB1, PNR, and PNC) and setting defined tag-along rights. The company also confirmed a Board-approved capital increase of R$30,000,000,024.48 via capitalization of profit reserves, issuing 606,796,117 new PNC shares. Additionally, new governance rules were implemented, including a 10% cap on shareholder voting power and anti-takeover provisions requiring tender offers if certain ownership thresholds are crossed, while preserving veto and board-election rights for the Brazilian Federal Government under specific conditions.

Eletrobras has updated its bylaws, setting its capital at BRL 70,135,201,405.27 and introducing new share classes while establishing voting caps at 10% for any shareholder or group. The revised bylaws mandate tender offers if voting capital thresholds of 30% or 50% are surpassed, with significant premiums. Additionally, the Federal Government retains special rights, including veto power over specific bylaw changes and the ability to elect Board members, under defined ownership conditions.

Eletrobras shareholders have approved a comprehensive plan to restructure preferred share classes and update the company's bylaws and authorized capital. The changes introduce new preferred share classes (PNA1, PNB1, PNR, PNC), establish mandatory conversions and redemptions of existing preferred shares, and grant common and certain preferred shareholders equal rights in public tender offers resulting from a sale of control. This move aims to align the company's governance framework with the new share structure and ensure fair treatment for shareholders.

Eletrobras announced that its subsidiaries, AXIA Energia and AXIA Norte, have completed the settlement of two public debenture offerings totaling R$3 billion. AXIA Energia issued R$1 billion in 10-year debentures, while AXIA Norte issued R$2 billion in 7-year debentures, both linked to the DI rate with additional spreads. AXIA Energia also serves as the guarantor for AXIA Norte's debentures, assuming responsibility for all obligations.

Eletrobras plans a R$30 billion capital increase through the capitalization of profit reserves to issue new Class C preferred shares (PNC) as a bonus to existing shareholders. This move, subject to EGM approval on December 19, 2025, aims to distribute part of the profit reserve without diluting current shareholders while reinforcing capital allocation discipline. Each existing share will entitle the holder to approximately 26.28% of a new PNC share, with an attributed cost of R$49.44 for tax purposes.

This article provides real-time stock price information for Centrais Eletricas Brasileiras SA - Eletrobras (AXIA'), along with key financial metrics and company details. It includes the current stock price, daily trading data, 52-week range, dividend information, and a company profile highlighting its specialization in electric power generation and transmission. The stock was trading at $13.10, up 6.85% for the day.