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(1), 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.
(1) 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.
ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with
171,000 employees serving 105 million clients in 61 countries. In 2018, IFRS
revenues amounted to Euro 102.9 billion and underlying earnings to Euro 6.2
billion. AXA had Euro 1,424 billion in assets under management as of December
The AXA ordinary share is listed on compartment A of Euronext Paris under the
ticker symbol CS (ISN FR 0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA).
AXA's American Depository Share is also quoted on the OTC QX platform under the
ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow
Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme's Finance Initiative
(UNEP FI) Principles for Sustainable Insurance and a signatory of the UN
Principles for Responsible Investment.
This press release and the regulated information made public by AXA pursuant to
article L. 451-1-2 of the French Monetary and Financial Code and articles 222-1
et seq. of the Autorité des marchés financiers' General Regulation are
available on the AXA Group website (axa.com).
THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE axa.com
FOR MORE INFORMATION:
Investor Relations: +18.104.22.168.48.42
Andrew Wallace-Barnett: +22.214.171.124.46.85
François Boissin: +126.96.36.199.39.82
Aayush Poddar: +188.8.131.52.59.17
Mikaël Malaganne: +184.108.40.206.73.07
Mathias Schvallinger: +220.127.116.11.39.20
Alix Sicaud: +18.104.22.168.56.66
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING
This release is not an offer to sell or the solicitation of an offer to buy.
The offering will only be carried out in those countries in which all filing
procedures and/or required notifications will have been undertaken and in which
authorizations or exemptions will have been granted, and where the procedures
associated with informing or consulting with employee representatives will have
This press release is not intended for, and copies thereof should thus not be
distributed to, countries in which such a prospectus has not been approved or
such an exemption has not been made available or in which all required filings,
notifications, consultations and/or information procedures have not yet been
achieved or required authorizations or exemptions have not yet been granted.
With respect to the United States in particular, the securities mentioned in
this press release have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "Securities Act") and may not be
offered or sold in the United States absent such registration or an applicable
exemption from the registration requirements of the Securities Act. AXA does
not intend to register any portion of the planned offering in the United States
or to conduct a public offering of securities in the United States. The
securities will only be offered in transactions benefiting from an exemption
Certain statements contained herein may be forward-looking statements
including, but not limited to, statements that are predictions of or indicate
future events, trends, plans or objectives. Undue reliance should not be placed
on such statements because, by their nature, they are subject to known and
unknown risks and uncertainties and can be affected by other factors that could
cause actual results and AXA's plans and objectives to differ materially from
those expressed or implied in the forward looking statements. Please refer to
Part 4 - "Risk factors and risk management" of AXA's Document de Référence
(Annual Report) for the year ended December 31, 2018, for a description of
certain important factors, risks and uncertainties that may affect AXA's
business, and/or results of operations. AXA undertakes no obligation to
publicly update or revise any of these forward-looking statements, whether to
reflect new information, future events or circumstances or otherwise.