Rights Issue

Preferential subscription rights entitle you to Axway shares eligible for the PEA. You can subscribe to new shares using only the cash in your PEA account. They will be delivered to your PEA. If you sell preferential subscription rights in your PEA, the proceeds will be added to the PEA cash account.

The number of preferential subscription rights you hold will be specified on the notice sent to you by your financial intermediary. It is determined on the basis of the number of shares registered in your share account at the end of the day on July 25.

No, preferential subscription rights are a right offered to you. Your investment decision must be based on your objectives and your financial situation. This decision is a personal one. However, if you choose not to sell or exercise them before the deadline indicated by your financial intermediary, they will lapse and lose all value. This is tantamount to losing the economic benefit to which you were entitled.

After August 20, preferential subscription rights will lapse. If you do nothing (neither exercise nor sell), your preferential subscription rights, which will no longer have any value at the end of the subscription period, will automatically disappear from your securities account and will be lost.

The preferential subscription rights will be listed from July 24 to August 16 2024 inclusive. The purchase order for preferential subscription rights is a standard stock market order.

You may only exercise preferential subscription rights in multiples of 8. You can buy preferential subscription rights on the stock exchange to complete your total number of preferential subscription rights and obtain a multiple of 8. You may also sell any surplus preferential subscription rights on the stock market. Fractional preferential subscription rights not exercised or sold will lapse at the end of the subscription period.

It depends on your financial intermediary. You should ask them directly.

Payment must be made on the day of subscription. The amount of your payment must be equal to the total amount of your irreducible and reducible subscription. If the number of shares subscribed for on a reducible basis cannot be fully allocated, the corresponding amount will be reimbursed to you, without interest.

Profits from the sale of preferential subscription rights will be taxed in accordance with the French capital gains tax system, i.e. the capital gain will be subject to a flat rate withholding tax of 30% (including social security contributions at 17.2%, unless the option is exercised to tax income from securities at the progressive income tax rate). The flat tax may be increased by the Contribution Exceptionnelle sur les Hauts Revenus (3% to 4%) depending on the level of reference tax income, i.e. effective taxation at a rate of 33% to 34%, where applicable.