As each year, the AXA group is carrying a capital increase reserved to the group's employees in France and abroad. More than 100 000 employees in 40 countries are involved in this operation called "Shareplan 2019".
In Morocco, the capital increase is supervised by the Moroccan Capital Market Authority (AMMC). It applies to employees present in the company as of 27 August 2019 and under certain conditions to retired ans semi-retired employees. The employee's investment depends on his gross annual salary. Participation must not exceed a defined percentage of the latter. The new shares will be eligible for dividends as of January 1, 2019.
The subscription prices of the new shares in connection with the employee shareholding were decided by the CEO of AXA Group on October 15, 2019. The stock's reference price is set at 22.87 EUR (28.77 USD).
The group's employees have the choice between the classic or the leverage offers . The subscription price of the classic offer is equal to 80% of the reference price: 18.30 EUR (23.027 USD). The subscription price of the leverage offer amounts to 95.01% of the reference price, that i s 21.73 EUR (27.34).
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