Success of the AXA 2022 Group employee share offering
November 25, 2022
published at 6:00 PM CET
AXA successfully completed its 2022 employee share offering (“Shareplan 2022”), a capital increase reserved for its employees worldwide, launched in August 2022.
Approximately 21,000 employees in 37 countries, representing nearly 19% of eligible employees, subscribed to Shareplan 2022, enabling them to invest in AXA shares at preferred terms.
The aggregate proceeds from the offering amount to nearly Euro 297 million corresponding to approximately 14 million newly-issued shares* (0.6 % of outstanding shares) and increasing the total number of outstanding AXA shares to 2,350,254,451 on November 25, 2022.
Following Shareplan 2022, AXA’s employees hold 4.2 % of the AXA share capital and 5.8 % of the voting rights.
Helen Browne
Director representing the employees shareholders
Shareplan 2022 has been another successful employee share offering for AXA. It demonstrates the commitment and confidence of our employees and symbolizes the importance of employee share ownership at AXA, a powerful way to align our teams with our strategy and include them in the long-term development and value creation of the Group.
*The new shares were subscribed at a price of Euro 19.15 for the classic offer and Euro 22.16 for the guarantee plus offer. To eliminate the dilutive effect of the Shareplan 2022 offering, AXA will, subject to regulatory approval, cancel the same number of shares in accordance with its share repurchase program as authorized by the Shareholders’ Meeting of April 28, 2022.
Contacts
Investor Relations
Investor Relations team
Media relations
Axa Media Relations