(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 0.5 billion euros.
These share buybacks will aim to neutralize the dilutive impact linked to the disposals announced after December 1, 2020, as announced on November 4. The insurer confirms its intention to cancel all the shares thus bought back.
The agreement provides that buybacks begin on February 28 and end no later than April 27, 2022. For each day of the buyback period, the price per share to be paid by AXA will be determined on the basis of the average share price. volume weighted.
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