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Elimination of the dilutive impact of Shareplan 2018

Sep 17, 2018
published at 7:30 PM CEST

In the context of the AXA Group’s 2018 employee share offering (Shareplan 2018)* and in order to eliminate any associated dilutive effect, AXA has executed today a share repurchase agreement with an investment services provider, whereby AXA will buyback its own shares for a maximum amount of € 355,000,000, in accordance with the terms of its share repurchase program**, with a view to cancelling them.

The price per share to be paid by AXA shall be determined on the basis of the arithmetic average of the daily volume-weighted average prices calculated over a period of 20 trading days commencing on September 18, 2018 and corresponding to the fixing period for the shares to be issued under Shareplan 2018. Share buyback transactions by the investment services provider in relation to this agreement will not extend beyond October 15, 2018.

*The AXA Group’s 2018 employee share offering (Shareplan 2018) has been authorized by the General Shareholders’ Meeting of April 25, 2018. Please refer to the press release issued on August 24, 2018 for further information on Shareplan 2018.
**AXA share repurchase program has been authorized by the General Shareholders’ Meeting of April 25, 2018.

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