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AXA capital increase dedicated to employees

The Moroccan Capital Market Authority (AMMC) announced that it has targeted a preliminary prospectus relating to the capital increase of the company “AXA” reserved for employees of the group.

This increase will be made by the issuance of a maximum of 58 951 965 shares, the AMMC said in a statement, stating that in Morocco, this operation concerns employees of “Axa Insurance”, “Axa Assistance”, “Training and Professional Development Institute Axa”, “Axa Credit”, “Carré Assurance” and “Société de gestion et de surveillance”, in addition to “Axa Global services”, “Axa France IARD”, “Axa France Life” and “Avanssur”.

The booking period in Morocco will run from 6 to 10 September inclusive, said the same source, adding that the subscription price will be set on October 15 next.

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