AXA SA announces the pricing of the sale of its remaining stake in AXA Equitable

AXA SA (AXA) is selling 144,000,000 shares of common stock of AXA Equitable Holdings (EQH) to Goldman Sachs as the sole underwriter in a registered public offering. The sale has been priced at USD 21.80 per share. The offering is expected to close on November 13, 2019.

As part of the offering, EQH has agreed to repurchase 24,000,000 of the 144,000,000 shares of common stock from the underwriter. The per share purchase price to be paid by EQH will equal the per share purchase price to be paid by the underwriter to AXA in the offering.

The completion of the offering will result in net proceeds to AXA amounting to approximately USD 3.1 billion corresponding to the sale of 144,000,000 EQH shares from the offering. It will have an estimated 6 points of positive impact on AXA Group’s Solvency II ratio. No significant net income impact is estimated for AXA Group from this transaction.

EQH’s effective registration statement, including a prospectus, relating to the offering was previously filed by EQH with the US Securities and Exchange Commission (the “SEC”).

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