Message from Thomas Buberl - CEO of AXA

2018 was a pivotal year in AXA’s transformation journey, with the completion of the industry’s biggest IPO and the listing of AXA Equitable Holdings, Inc as well as the creation of the #1 P&C Commercial lines insurer thanks to the acquisition of XL Group.

Our revenues climbed to Euro 103 billion, reflecting the dynamic development of our target segments and geographies, with underlying earnings up 6% in 2018 to their highest ever reported level. AXA is backed by a strong balance sheet and is continuing to successfully deliver its Ambition 2020 strategic plan. These achievements enabled us to pay our shareholders a dividend of Euro 1.34 per share, an increase of 6% from last year, with a payout ratio representing 52% of our adjusted earnings.

I would like to sincerely thank you for your contribution to these excellent results and the acceleration of AXA’s transformation. I firmly believe that these achievements will help create sustainable value for all our stakeholders.

Offered for the past 26 years, the Shareplan operation is a core feature of AXA’s values. It enables AXA’s employees to engage in the Group’s development and success, offering an opportunity to become shareholders under preferential conditions.

In 2018, nearly 24,000 employees from 36 countries, representing more than 23% of the eligible employees, took part in Shareplan, with total subscriptions of almost Euro 330 million. These results highlight your strong support of AXA’s strategy.

Choosing to invest your savings in Shareplan is of course an individual decision and I would encourage each of you to consider this carefully in line with your own personal objectives.
In the Shareplan 2019 brochure, you will find useful information to help you make an informed investment decision. Your Human Resources correspondents are also available to answer any questions you may have.

I would like to thank you for your contribution to AXA’s success.

Thomas Buberl
AXA’s Chief Executive Officer

Investment modeller
An investment modeling tool is accessible at the following address:

password: Shareplan2019

Important: The investment modelling tool is not compatible with Internet Explorer 8 

The figures in this tool are provided for illustrative purposes only. The final value of your units and the amount you receive on redemption of your units (including any Euro personal investment under the Leverage Plan) will be determined in accordance with the Fund Regulations and will be affected by the performance of the AXA share price (which can go up or down) and the prevailing Euro : Sterling exchange rate at the time. Currency fluctuations may mean that your personal Euro investment on redemption is lower than the original Sterling amount you invested.
Please note: The online Shareplan service site (services by Equiniti) requires a Unique Reference Number (URN) and your National Insurance (NI) Number.
2019 Prices
   Reference Price  Subscription Price 
 Traditional   €22.87/£20.12 €18.30/£16.10
 Leverage  €22.87/£20.12 €21.73/£19.12

Sterling values based on a determined FX rate of €1: £0.8798
2019 Key dates
 Dates  Events  Information
27 August 2019 to 10 September 2019 Reservation period The online Shareplan service will open 27 August 2019 and will close 4.00pm (UK time) 10 September 2019
17 September 2019 to 14 October 2019 Price Setting Period  Reference Price is determined
16 October 2019 Reference & Subscription Prices published & announced Reference & Subscription Prices made public
17 October 2019 to 21 October 2019 Cancellation/subscription period The online Shareplan service will open 17 October 2019 and will close 4.00pm (UK time) 21 October 2019
29 November 2019 Capital Increase TBC