AXA Allocates 50 Free Shares to All AXA Employees Worldwide
July 02 2007 - 4:29AM
PR Newswire (US)
PARIS, July 2 /PRNewswire/ -- On July 1, 50 free shares were
allocated to each AXA employees worldwide. More than 100,000 AXA
Group employees in 54 countries, will become shareholders and --
depending on the country -- will own the shares after two years
(with a two year holding period) or after four years (without a
holding period), providing they are still employed by AXA. Approved
by AXA's shareholders during the annual shareholder's meeting on
May 14, the resolution pertaining to the "AXA Miles" program allows
the Management Board to distribute free AXA shares to all AXA
employees, representing up to 0.7% of AXA's share capital (or
around 14 million shares based on AXA's current share capital).
This allocation of 50 free shares constitutes the first step in the
"AXA Miles" program which is one of several key human resources
initiatives of AXA's company-wide project "Ambition 2012". The aim
of this project is to make AXA the preferred company in its
industry of its clients, shareholders and employees by 2012. The
success of Ambition 2012 should lead the Group to double its
revenues and triple its underlying earnings per share between 2004
and 2012. Henri de Castries, Chairman of the Management Board of
AXA, expressing his willingness to have each and every employee
participate in the Group's success, declared: "We want to thank all
the employees for their efforts made over the last two years. The
key to the success of Ambition 2012 resides in their motivation and
engagement." In 2009, if the Group is still in line with its
initial plan(1) -- measured by two criteria: the underlying
earnings per share and the index of customer satisfaction -- the
Management Board will allocate 50 additional shares to each AXA
employee. This press release is available on the AXA Group web
site: http://www.axa.com/ About AXA AXA Group is a worldwide leader
in Financial Protection. AXA's operations are diverse
geographically, with major operations in Europe, North America and
the Asia/Pacific area. For full year 2006, IFRS revenues amounted
to Euro 79 billion and IFRS adjusted earnings amounted to Euro
5,140 million. The AXA ordinary share is listed and trades under
the symbol AXA on the Paris Stock Exchange. The AXA American
Depository Share is also listed on the NYSE under the ticker symbol
AXA. AXA Investor Relations: Etienne Bouas Laurent:
+33.1.40.75.46.85 Paul-Antoine Cristofari: +33.1.40.75.73.60
Emmanuel Touzeau: +33.1.40.75.49.05 AXA Media Relations: Christophe
Dufraux: +33.1.40.75.46.74 Clara Rodrigo: 33.1.40.75.47.22 Armelle
Vercken: +33.1.40.75.46.42 (1) Underlying earnings per share net of
interests charges on TSS and TSDI of Euro 2.41 per share and an
index (satisfied customers -- unsatisfied customers) of customer
satisfaction of 82 in 2008 -- For reference, this index stood at 79
in 2006. DATASOURCE: AXA Group CONTACT: Investors, Etienne Bouas
Laurent, +33.1.40.75.46.85, or Paul- Antoine Cristofari,
+33.1.40.75.73.60, or Emmanuel Touzeau, +33.1.40.75.49.05; Media,
Christophe Dufraux, +33.1.40.75.46.74, or Clara Rodrigo,
33.1.40.75.47.22, or Armelle Vercken, +33.1.40.75.46.42 Web site:
http://www.axa.com/
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