Results of the AXA Group employee share offering in 2017
OREANDA-NEWS. On August 25, 2017 AXA announced the launch of its 2017 employee share offering (“SharePlan 2017”), a capital increase reserved to its employees worldwide.
Over 29,000 employees in 39 countries, representing over 27% of the eligible employees, subscribed to SharePlan 2017.
The aggregate proceeds from the offering amount to approximately Euro 442 million, for a total of over 19 million newly-issued shares, subscribed at a price of Euro 20.19 for the classic plan and Euro 22.96 for the leveraged plan. The new shares are created with full rights as of January 1st, 2017. This offering increases the total number of outstanding AXA shares which amounts to 2,443,447,572 on December 1st, 2017.
Following SharePlan 2017, AXA’s employees hold 5.35% of the share capital and 6.68% of the voting rights.