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AXA Implements Share Repurchase to Neutralize Shareplan 2024 Dilution
AXA announced the execution of a share repurchase agreement aimed at mitigating the dilutive impact of its 2024 employee share offering, Shareplan 2024. This buyback, totalling up to EUR 452,200,000, aligns with AXA's share repurchase program authorized by the General Shareholders’ Meeting in April 2024.
The buyback price per share will be based on the average daily volume-weighted prices over a 20 trading-day period starting October 3, 2024. The share repurchase is set to conclude by October 30, 2024, with shares bought back for cancellation.
For more details on Shareplan 2024, refer to AXA's press release dated September 11, 2024.
R. P.
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