U.S. Markets close in 5 hrs 33 mins

AXA Equitable Holdings, Inc. Announces Sale of 144,000,000 Shares of Common Stock by AXA S.A.

NEW YORK--(BUSINESS WIRE)--

AXA Equitable Holdings, Inc. (the “Company”) announced today the sale of an aggregate of 144,000,000 shares of the Company’s common stock by AXA S.A. (“AXA”) to Goldman Sachs, as the sole underwriter in the registered public offering of those shares. AXA is selling all of the shares of common stock, and the Company will not receive any proceeds from the offering.

Goldman Sachs proposes to offer for sale the shares of common stock from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by it and subject to its right to reject any order in whole or in part. As part of the offering, the sole underwriter has reserved 24,000,000 of the 144,000,000 shares of common stock which the Company has agreed to repurchase. The per share purchase price to be paid by the Company will equal the per share purchase price to be paid by the sole underwriter to AXA in the offering. The sole underwriter will not receive any compensation for the shares being repurchased by the Company. The Company’s share repurchase is pursuant to its previously announced share repurchase program. The timing and method of any future repurchases, which will depend on a variety of factors, including market conditions and the Company’s financial condition, are subject to the discretion of the Board of Directors.

The Company’s effective registration statement, including a prospectus, relating to the offering was previously filed with the U.S. Securities and Exchange Commission (the “SEC”). Investors should read the prospectus in that registration statement and other documents the Company has filed with the SEC before investing for more complete information about the Company and this offering. These documents are available for free by searching for the Company’s public filings on the SEC’s website at www.sec.gov, or by visiting the Company’s website at https://ir.axaequitableholdings.com. Alternatively, copies of the prospectus and prospectus supplement, when available, may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282 or by calling 1-866-471-2526 or by emailing prospectus-ny@ny.email.gs.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About AXA Equitable Holdings

AXA Equitable Holdings, Inc. (EQH) is one of the leading financial services companies in the U.S. and is comprised of two complementary and well-established principal franchises, AXA Equitable Life Insurance Company and AllianceBernstein. We have been helping clients prepare for their financial future since 1859 and have a combined total of approximately 12,200 employees and financial professionals and $701 billion of assets under management (as of 9/30/2019).

View source version on businesswire.com: https://www.businesswire.com/news/home/20191107006115/en/