AXA (EPA:CS) - 2018-09-17 - AXA - Elimination of the dilutive impact of Shareplan 2018

Transparency directive : regulatory news

17/09/2018 20:01

Press release

                                                 Paris, September 17, 2018

              Elimination of the dilutive impact of Shareplan 2018

In the context of the AXA Group's 2018 employee share offering (Shareplan
2018)(1) and in order to eliminate any associated dilutive effect, AXA has
executed today a share repurchase agreement with an investment services
provider, whereby AXA will buyback its own shares for a maximum amount of EUR
355,000,000, in accordance with the terms of its share repurchase program(2),
with a view to cancelling them.

The price per share to be paid by AXA shall be determined on the basis of the
arithmetic average of the daily volume-weighted average prices calculated over
a period of 20 trading days commencing on September 18, 2018 and corresponding
to the fixing period for the shares to be issued under Shareplan 2018. Share
buyback transactions by the investment services provider in relation to this
agreement will not extend beyond October 15, 2018.

ABOUT THE AXA GROUP

The AXA Group is a worldwide leader in insurance and asset management, with
160,000 employees serving 105 million clients in 62 countries. In 2017, IFRS
revenues amounted to Euro 98.5 billion and IFRS underlying earnings to Euro 6.0
billion. AXA had Euro 1,439 billion in assets under management as of December
31, 2017.
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 (UNPRI). 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:               +33.1.40.75.48.42
Andrew Wallace-Barnett:           +33.1.40.75.46.85
François Boissin:                 +33.1.40.75.39.82
Aayush Poddar:                    +33.1.40.75.59.17
Shantanu Priya:                   +33.1.40.75.58.44
Mathias Schvallinger:             +33.1.40.75.39.20
Alix Sicaud:                      +33.1.40.75.56.66

Individual Shareholder Relations: +33.1.40.75.48.43

Media Relations:                  +33.1.40.75.46.74
Julien Parot:                     +33.1.40.75.59.80
Nicolas Feltrin:                  +33.1.40.75.56.48
Shruti Dhanda:                    +33.1.40.75.72.58
Farah El Mamoune:                 +33.1.40.75.46.68

Corporate Responsibility strategy:
axa.com/en/about-us/strategy-commitments

SRI ratings:
axa.com/en/investor/sri-ratings-ethical-indexes

      IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING
                   FORWARD-LOOKING STATEMENTS

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, expectations 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 AXA's actual results 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 Registration Document for the year ended
December 31, 2017, 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, except as required by applicable laws and
regulations.

(1) The AXA Group's 2018 employee share offering (Shareplan 2018) has been
authorized by the General Shareholders' Meeting of April 25, 2018. Please refer
to the press release issued on August 24, 2018 for further information on
Shareplan 2018.
(2) AXA share repurchase program has been authorized by the General
Shareholders' Meeting of April 25, 2018.

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AXA (EPA:CS) - 2018-09-17 - AXA - Elimination of the dilutive impact of Shareplan 2018

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