Under the proposal, AMP will acquire 100 per cent of AXA APH, merging AXA APH’s Australian and New Zealand businesses with those of AMP, and divesting AXA APH’s Asian businesses to AXA SA.

The Share Scheme is expected to become effective on 8 March 2011 when AXA APH lodges a copy of the Court order approving the Share Scheme with ASIC.

The Share Scheme’s implementation date will be 30 March 2011 and normal trading of new AMP shares issued to AXA APH shareholders under the Share Scheme will begin under the ASX code “AMP” on 31 March 2011.

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