AXA (EPA:CS) - AXA: Elimination of the dilutive impact of Shareplan 2021

Transparency directive : regulatory news

13/09/2021 18:30

Press release

Paris, September 13, 2021

Elimination of the dilutive impact of Shareplan 2021

In the context of the AXA Group's 2021 employees hare offering (Shareplan
2021)(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 buy back its own shares for a maximum amount of Euro
319,400,000, 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 14th, 2021 and
corresponding to the fixing period for the shares to be issued under Shareplan
2021. Share buyback transactions by the investment services provider in
relation to this agreement will not extend beyond October 11th, 2021.

(1) The AXA Group's 2021 employee share offering (Shareplan 2021) has been
authorized by the General Shareholders' Meeting of April 29, 2021. Please refer
to the press release issued on August 23, 2021 for further information on
Shareplan 2021.
(2) AXA share repurchase program has been authorized by the General
Shareholders' Meeting of April 29, 2021.

ABOUT THE AXA GROUP

The AXA Group is a worldwide leader in insurance and asset management, with
153,000 employees serving 105 million clients in 54 countries. In 2020, IFRS
revenues amounted to Euro 96.7 billion and underlying earnings to Euro 4.3
billion. AXA had Euro 1,032 billion in assets under management as of December
31, 2020.
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:                +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
Mikaël Malaganne:                  +33.1.40.75.73.07
Mathias Schvallinger:              +33.1.40.75.39.20
Shuqi Ye:                          +33.1.40.75.58.44

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
Farah El Mamoune:                  +33.1.40.75.46.68
Jonathan Deslandes:                +33.1.40.75.97.24

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 b e 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 such forward looking statements. Please refer to Part 5 - "Risk
Factors and Risk Management" of AXA's Universal Registration Document for the
year ended December 31, 2020 (the "2020 Universal Registration Document") and
"Operating Highlights - Risk Factors" on page 11 of AXA's half-year financial
report as of June 30, 2021 (the "Half-Year 2021 Financial Report") for a
description of certain important factors, risks and uncertainties that may
affect AXA's business and/or results of operations, particularly in respect of
the Covid-19 crisis. 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.

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