Sanofi announced the launch of Action 2016, a worldwide stock purchase plan reserved for its employees.
In doing such a capital increase, Sanofi intends to better associate its employees with the future development and results of the company.
The plan will take place in more than 90 countries.
On March 3, 2016,¬ the Board of Directors authorized an issuance of ordinary shares of Sanofi for the benefit of employees participating in the Group Savings Plan. The subscription price is €57.25.
It is equal to 80 % of the average of the opening price of the Sanofi share on Euronext Paris over the 20 stock exchange trading sessions preceding June 8, 2016.
Any subscription for a minimum of five shares as part of such issuance shall entitle the employee to one matching share.