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Shareplan 2025: Launch of the 2025 Employee Share Offering

September 10, 2025

published at 7:45 AM CEST

AXA announced today the launch of Shareplan 2025, a capital increase reserved for employees through a share offering which is available to more than 110,000 employees in 40 countries, both in and outside of France.

Thomas Buberl

Chief Executive Officer of AXA

In 2025, to mark the 40 th anniversary of the AXA brand, we wanted to add a special dimension to our Shareplan by making an exceptional matching contribution to employees who subscribe to the Classic offer with 1 AXA share gifted for every share subscribed, up to a maximum of 20 shares. This reflects our commitment to sharing the value created by our teams.

Shareplan, which is at the heart of our history, has been a success every year. In 2024, more than 26,000 employees participated in this reserved capital increase, demonstrating its attractiveness, and the loyalty of our employees to AXA.

Key features of the offering

  • Eligible participants: Employees and general agents in France, retirees or early-retirees of eligible entities, as well as eligible corporate officers, as defined in the French Group Employee Savings Plan (PEEG) or the International Group Employee Stock Purchase Plan (PIAG).
  • Maximum number of shares to be issued: 58,951,965 shares (representing a maximum nominal capital increase of €135 million), with the cancellation of shareholders' preferential subscription rights.
  • Two offers are available in most countries:
    - Classic offer: subscription price equal to 80% of the Reference Price, which this year grants the right to 1 AXA share gifted for every share subscribed, up to a maximum of 20 shares gifted for 20 shares subscribed;
    - Guarantee Plus offer: subscription price equal to 93.6% of the Reference Price, with a minimum return guarantee.
  • Reference Price: equal to the arithmetic average of the 20 daily VWAPs (volume-weighted average prices).
  • Subscription cap: the amount subscribed by the eligible participants may not exceed 25% of their gross annual salary or pensions received during the year.
  • Dividend eligibility date for new shares: January 1, 2025.
  • Holding period: until July 1, 2030, except in the case of an early exit event.

Provisional timetable

  • Reservation Period: September 11 to September 25, 2025
  • Reference Price fixing period: October 3 to October 30, 2025
  • Retraction/Subscription Period: November 3 to November 7, 2025
  • Capital Increase: Expected on December 3, 2025

Hedging transactions

The implementation of the Guarantee Plus offer may lead to hedging transactions being carried out by the partner bank. These hedging transactions may occur from the start of the Reference Price fixing period and over the entire course of the plan.

Contact

For questions relating to Shareplan 2025, please contact your Human Resources Department.