Results of AXA Employee Share Offering in 2008
December 01 2008 - 4:21AM
PR Newswire (US)
PARIS, Dec. 1 /PRNewswire-FirstCall/ -- On August 18, 2008 AXA
announced the launch of its 2008 SharePlan offering, a capital
increase reserved to its employees worldwide. Approximately 36,000
employees in 37 countries, representing 30% of eligible employees,
subscribed to SharePlan 2008. The large number of employees who
chose to subscribe represents a clear vote of confidence in AXA,
its business model and its project Ambition 2012 to become the
preferred company in its industry. The aggregate proceeds from the
offering amount to approximately Euro 460 million, for a total of
more than 24 million newly issued shares, subscribed at a price of
Euro 17.18 for the classic plan and Euro 18.43 for the leveraged
plan(1). The new shares have been created with full rights from
January 1, 2008. This offering increases the total number of
outstanding AXA shares to 2,089 million as of November 28, 2008.
AXA's employees investing in SharePlan 2008 will have direct voting
rights at AXA's general shareholders' meetings and will thereby be
able to directly express their opinion on the decisions driving the
strategy of the AXA Group. Following SharePlan 2008, AXA's
employees hold around 5.84% of the share capital and 6.42% of the
voting rights. 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 2007, IFRS revenues amounted
to Euro 93.6 billion and IFRS adjusted earnings to Euro 6.1
billion. AXA had Euro 1,281 billion in assets under management as
of December 31, 2007. The AXA ordinary share is listed on
compartment A of Euronext Paris under the ticker symbol CS (ISIN
FR0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA). The American
Depository Share is also listed on the NYSE under the ticker symbol
AXA. IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS
CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained
herein are forward-looking statements including, but not limited
to, statements that are predictions of or indicate future events,
trends, plans 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. Please refer to AXA's Annual
Report on Form 20-F and AXA's Document de Reference for the year
ended December 31, 2007, for a description of certain important
factors, risks and uncertainties that may affect AXA's business. In
particular, please refer to the section "Special Note Regarding
Forward-Looking Statements" in AXA's Annual Report on Form 20-F.
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. This
press release is not an offer for sale within the United States of
any security of AXA or any of its affiliates. Securities of AXA or
any of its affiliates may not be offered or sold in the United
States absent registration under U.S. securities laws or unless
exempt from registration under such laws. (1) Euro 21.47 for the
leveraged plan in Germany. DATASOURCE: AXA Group CONTACT: 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,
George Guerrero, +1.212.314.2868, or Media Relations: Christophe
Dufraux, +33.1.40.75.46.74, Laurent Secheret, +33.1.40.75.48.17,
Armelle Vercken, +33.1.40.75.46.42, Chris Winans, +1-212-314-5519
Web Site: http://www.axa.com/
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