Success of the AXA 2024 Group employee share offering
December 5, 2024
published at 6:00 PM CET
AXA successfully completed its 2024 employee share offering (Shareplan 2024
), launched in September 2024.
More than 26,000 employees in 40 countries, representing approximately 22% of eligible employees, subscribed to Shareplan 2024 and invested in AXA shares on preferred terms.
The aggregate proceeds of this capital increase reserved for its employees, in France and abroad, amount to approximately Euro 400 million corresponding to close to 13 million newly-issued shares[1] (i.e. 0.58 % of outstanding shares) and increasing the total number of outstanding AXA shares to 2,213,481,878. To eliminate the dilutive effect of the Shareplan 2024 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 23, 2024.
Following Shareplan 2024, AXA’s employees hold 4.32% of the AXA share capital and 5.83% of the voting rights.
[1] The new shares were subscribed at a price of Euro 28.10 for the Classic offer and Euro 32.87 for the Guarantee Plus offer.
Helen Browne
Director representing the employees shareholders
Launched for the first time in 1993, Shareplan continues to be, year after year, an important way for the Group to share value created by the company with its employees. The excellent results of this new edition once again demonstrate our collective commitment to this model. Anchored in AXA's culture, Shareplan is a powerful lever to strengthen alignment among our teams by involving them even more closely in the Group's long-term performance.