More than €375 million (around SG$566.9 million) – that’s how much AXA Group recorded in aggregate proceeds from its 2019 employee share offering.
SharePlan 2019, a capital increase reserved to the insurer’s global workforce, saw approximately 26,000 employees in 40 countries subscribe at a price of €18.30 for the classic plan and €21.73 for the leveraged plan. An estimated 18 million newly issued shares were snapped up.
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