Worldwide Employee Stock Purchase Plan launched by Sanofi

Sanofi has launched a worldwide stock purchase plan called “Action 2018”, purely for the benefit of its employees participating in the Group Savings Plan, to involve them in its future development and financial success. The subscribers to the plan will be required to hold the shares for approximately five years (with exceptions provided for in Article R. 3324-22 of the French Labour Code).

The total number of shares that may be issued under the plan is 6,270,198 shares, a share capital increase of up to €12,540,396. The shares will be fully fungible with the existing ordinary shares of Sanofi and will be entitled to dividends distributed on benefits relating to the fiscal year starting as of January 1, 2018.
The subscription period will run from June 11th, 2018 until June 29th, 2018 inclusively. The subscription price is €52.66, and any subscription per five shares as part of such issuance shall entitle the employee to one matching share. Subscriptions equal to or higher than 20 shares shall give right to 4 matching shares as an employer contribution. Employees may choose to subscribe a maximum of 1,500 shares within the limit of a maximum subscription amount which does not exceed 25% of their gross annual remuneration.