AXA: agreement with ISP for share cancellation
(CercleFinance.com) - As part of the capital increase reserved for its employees (Shareplan 2018) and to eliminate the diluting effect thereof, AXA has said that it has reached a share repurchase agreement with an investment service provider (ISP).
Under this agreement, the insurance company undertakes to repurchase its own shares for a maximum amount of 355,000,000 euros, in accordance with the terms of its share repurchase program, with a view to cancelling them.
The price to be paid by AXA will be calculated from an average of the weighted average prices of volumes traded over a period of 20 trading days starting on 18 September. The repurchase operations by the ISP under the convention will cease by 15 October.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Under this agreement, the insurance company undertakes to repurchase its own shares for a maximum amount of 355,000,000 euros, in accordance with the terms of its share repurchase program, with a view to cancelling them.
The price to be paid by AXA will be calculated from an average of the weighted average prices of volumes traded over a period of 20 trading days starting on 18 September. The repurchase operations by the ISP under the convention will cease by 15 October.
Copyright (c) 2018 CercleFinance.com. All rights reserved.