AXA: new placement of EQH shares
(CercleFinance.com) - Late on Monday AXA announced a successful secondary offering of 40 million shares of its US subsidiary AXA Equitable Holdings, Inc.
at 20.50 dollars per share, and the sale, to EQH, of 30 million shares at the share price paid by the syndicate of banks under the offer.
In addition, the banking syndicate exercised the over-allotment option in full, resulting in the acquisition of 6 million additional EQH shares.
The net proceeds corresponding to the sale of 76 million EQH shares as part of the Offer, the full exercise of the over-allotment option granted to the banking syndicate and the Redemption of Shares amount to 1.5 billion dollars, or 1.3 billion euros.
Following this sale, AXA's equity interest in EQH fell from 60.1% to 48.3% of EQH's capital.
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at 20.50 dollars per share, and the sale, to EQH, of 30 million shares at the share price paid by the syndicate of banks under the offer.
In addition, the banking syndicate exercised the over-allotment option in full, resulting in the acquisition of 6 million additional EQH shares.
The net proceeds corresponding to the sale of 76 million EQH shares as part of the Offer, the full exercise of the over-allotment option granted to the banking syndicate and the Redemption of Shares amount to 1.5 billion dollars, or 1.3 billion euros.
Following this sale, AXA's equity interest in EQH fell from 60.1% to 48.3% of EQH's capital.
Copyright (c) 2019 CercleFinance.com. All rights reserved.