AXA has announced the launch of Shareplan 2025, a capital increase through a share offering available to over 110,000 employees in 40 countries, both within and outside France.
The initiative marks the 40th anniversary of the AXA brand and introduces an exceptional matching contribution for participants.
“In 2025, to mark the 40th anniversary of the AXA brand, we wanted to add a special dimension to our Shareplan by making an exceptional matching contribution to employees who subscribe to the Classic offer with 1 AXA share gifted for every share subscribed, up to a maximum of 20 shares,” said Thomas Buberl (pictured above), chief executive officer of AXA.
The Shareplan 2025 programme is open to eligible employees, general agents in France, retirees or early-retirees of eligible entities, and eligible corporate officers, as defined in the French Group Employee Savings Plan or the International Group Employee Stock Purchase Plan.
The maximum number of shares to be issued is 58,951,965, representing a nominal capital increase of €135 million. Shareholders’ preferential subscription rights will be cancelled as part of this offering.
Participants can choose between two options in most countries. The Classic offer allows employees to purchase shares at 80% of the Reference Price, with the added benefit of receiving one AXA share for every share subscribed, up to 20 shares.
The Guarantee Plus offer is available at 93.6% of the Reference Price and includes a minimum return guarantee. The Reference Price is determined as the arithmetic average of the 20 daily volume-weighted average prices.
In the previous Shareplan in 2024, AXA raised nearly €400 million, with over 26,000 employees across 40 countries participating. This represented about 22% of eligible staff. The offering resulted in the issuance of approximately 13 million new shares, and following this, AXA employees owned 4.32% of the company’s share capital and held 5.83% of voting rights.
The subscription cap for Shareplan 2025 is set at 25% of the participant’s gross annual salary or pension received during the year. New shares will be eligible for dividends from January 1, 2025. The holding period for the shares extends until July 1, 2030, except in cases of early exit events.
In related developments, AXA XL has formed a strategic alliance with Winston Artory Group to enhance protection for clients’ artwork and high-value assets. This partnership integrates advanced valuation methods and risk-management expertise.
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