AXA Group publishes results of employee share 2021 offering

AXA-Group-announces-results-of-employee-share-2021-offering

On 23 August 2021 AXA announced the launch of its 2021 employee share offering (“Shareplan 2021”), a capital increase reserved to its employees worldwide.

Approximately 21,000 employees in 36 countries, representing nearly 19% of the eligible employees, subscribed to Shareplan 2021.

The aggregate proceeds from the offering amount to nearly Euro 293 million, for a total of approximately 14 million newly-issued shares, subscribed at a price of Euro 18.86 for the classic plan and Euro 21.98 for the leveraged plan. The new shares are created with full rights as of January 1st, 2021. This offering increases the total number of outstanding AXA shares which amounts to 2,432,985,381 on November 26, 2021. In order to eliminate the dilutive effect of the Shareplan 2021 offering, AXA will undertake the cancellation of the shares issued in this context in the next few days.

Following Shareplan 2021, AXA’s employees hold 4.16% of the share capital and 5.69% of the voting rights.

Thomas Buberl, CEO of AXA  said, “We are very happy with the results of our 2021 Shareplan operation. We are proud to uphold this operation as a powerful lever to strengthen the existing links with our teams, by associating them even further to the Group’s performance and its long-term successes.”

Authored by AXA

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About AXA

In July 2012 the AXA Commercial Lines and Personal Intermediary businesses came together to form a new single organisation – AXA Commercial Lines and Personal Intermediary.

The business offers brokers a more integrated and consistent approach from AXA which is focussed on their needs as a business – whatever the product. AXA Commercial Lines & Personal Intermediary provides underwriting expertise, offering a range of commercial lines and personal lines products and insurance solutions to our brokers and customers.  AXA Commercial & Personal Intermediary is part of AXA Group, a worldwide leader in insurance and asset management serving 101 million clients

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