(CercleFinance.com) – AXA announces that it has entered into a share buyback agreement with an investment services provider (ISP) under the terms of which it undertakes to buy back its own shares for a maximum amount of 1.1 billion euros.
The agreement provides that share buybacks begin on February 27 and end no later than May 16. For each day of the redemption period, the price per share to be paid will be determined on the basis of the volume-weighted average share price.
The French insurance company confirms its intention to cancel all the shares thus repurchased within the framework of this share repurchase program announced on February 23, on the sidelines of its annual results.