Results of the AXA Group employee share offering in 2019

On August 26, 2019 AXA announced the launch of its 2019 employee share offering (“SharePlan 2019”), a capital increase reserved to its employees worldwide.

Approximately 26,000 employees in 40 countries, representing nearly 24% of the eligible employees, subscribed to SharePlan 2019.

The aggregate proceeds from the offering amount to over Euro 375 million, for a total of approximately 18 million newly-issued shares*, subscribed at a price of Euro 18.30 for the classic plan and Euro 21.73 for the leveraged plan. The new shares are created with full rights as of January 1st, 2019. This offering increases the total number of outstanding AXA shares which amounts to 2,432,778,025 on November 29, 2019.

Following SharePlan 2019, AXA’s employees hold 5.13% of the share capital and 6.50% of the voting rights.

* In order to eliminate the dilutive effect of the SharePlan 2019 offering and as announced in its press release published on September 16, 2019, AXA will undertake a cancellation of its shares in the next few days in accordance with its share repurchase program as authorized by the Shareholders’ Meeting of April 24, 2019.