Axa employees to be offered shares as 2024 scheme launched

Insurer Axa has launched its 2024 share offering to employees.

Called Shareplan 2024, the initiative will take place in 40 countries, in and outside of France, to more than 110,000 employees.

In most countries, they will be offered the opportunity to participate in both a classic offer and a guarantee plus offer.

Under the classic offer, an issue of shares will be offered at a subscription price equal to 80% of a reference price, which is set to be determined in October.

With guarantee plus, meanwhile, the offer increases to 93.60% of the reference price.

The reference price will be equal to the arithmetical average of the 20 daily volume-weighted average prices.

Annual offering

Each year, Axa employees have the opportunity to subscribe to shares issued by way of a capital increase reserved for staff.

Thomas Buberl, chief executive at Axa, said: “Sharing value has been at the heart of our business model since Axa was founded.

“With Shareplan, our employees have the opportunity to become shareholders in the company under privileged conditions, thereby contributing to the group’s development and success.

“In 2023, more than 23,000 employees participated in the share offering, demonstrating the continued success of Shareplan, which has become a major annual event in our group culture.”