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HSBC, acting as Stabilisation Coordinator, has issued a pre-stabilisation notice indicating that the Stabilisation Manager(s) named below may stabilise the offer of fixed-rate securities issued by Sanofi.
The notice states that the existence, maximum size and conditions of use of the over-allotment facility are:
In connection with the offer, the Stabilisation Manager(s) may over-allot the securities or conduct transactions intended to support the market price at a level higher than it might otherwise prevail. However, there is no assurance that stabilisation action will be taken, and any stabilisation action, if begun, may be ended at any time. Any stabilisation or over-allotment will be conducted in accordance with applicable laws and rules.
The announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of securities in any jurisdiction.
It is addressed to qualified investors (and other persons to whom offers may lawfully be addressed) in EEA Member States where it is communicated before the publication of an approved prospectus under Regulation (EU) 2017/1129, and it is also limited to persons outside the United Kingdom and, in the United Kingdom, to persons with professional experience in investment matters or high net worth persons under Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.
The notice states that it is not an offer of securities for sale into the United States, that the securities have not been and will not be registered under the U.S. Securities Act of 1933, and that there will be no public offer of securities in the United States absent registration or an exemption from registration.
The notice includes a reminder that, if a greenshoe option exists, the existence and maximum size of the option, the exercise period, and conditions for exercise must be disclosed, and that exercise must be disclosed promptly to the public with relevant details, including the date of exercise and the number and nature of securities involved.
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