Execution of a share repurchase agreement in relation to AXA’s share buy-back program of up to Euro 1.7 billion as announced on November 4, 2021

As part of the share buy-back program of up to Euro 1.7 billion announced on November 4, 2021, AXA has executed today a share repurchase agreement with an investment services provider, whereby AXA will buy back its own shares for a maximum amount of Euro 1.4 billion*, in accordance with the terms of its share repurchase program authorized by the General Shareholders’ Meeting of April 29, 2021.

The shares repurchased pursuant to this share repurchase agreement will complement the Euro 0.3 billion* of own shares already repurchased by AXA since November 8, 2021, as part of the up to Euro 1.7 billion share buy-back program announced on November 4, 2021.

Under the share repurchase agreement announced today, shares will be bought back commencing on November 29, 2021 and ending at the latest on April 27, 2022. On each day during the purchase period, the price per share to be paid by AXA* will be determined on the basis of the volume-weighted average share price.

AXA intends to cancel all repurchased shares related to the up to Euro 1.7 billion share buy-back program announced on November 4, 2021.

(*) refer to the PR