French pharmaceutical firm Sanofi has announced its stock purchase plan for employees for this year.
Sanofi said its global employee shareholder plan, Action 2024, opens on June 4 to around 80,000 employees in 56 countries.
From June 4 to June 24, employees will be offered shares at a subscription price of €72.87 ($79.29).
For every five shares subscribed, employees will be offered one free matching share.
The maximum number of Sanofi shares that may be issued under the offer is 12.6 million shares.
Sanofi noted that, currently, nearly 75,000 current or former Sanofi employees are shareholders, and hold approximately 2.58% of its capital.