Results of the AXA Group employee share offering in 2020

As each year, the AXA Group offered to its employees, in and outside of France, the opportunity to subscribe to shares issued by way of a capital increase reserved to employees. As announced on September 23, 2020, the 2020 offering, called "Shareplan 2020", took place in 37 countries and involved over 110,000 employees who were exclusively offered a “traditional” formula at a known subscription price.

Approximately 17,000 employees representing nearly 15% of the eligible employees, subscribed to Shareplan 2020.

The aggregate proceeds from the offering amount to over Euro 88 million, for a total of over 6 million newly-issued shares*, subscribed at a price of Euro 13.76. The new shares are created with full rights as of January 1st, 2020. This offering increases the total number of outstanding AXA shares which amounts to 2,424,107,004 on November 27, 2020.

Following Shareplan 2020, AXA’s employees hold 4.31% of the share capital and 5.84% of the voting rights.

*In order to eliminate the dilutive effect of the Shareplan 2020 offering, 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 June 30, 2020.