
First-time purchase of ordinary shares
Contact your financial intermediary, if you want to record your shares as “bearer” or “administered registered” shares. You will have to open a securities account to place stock market orders.
Contact Uptevia, if you want to record your shares as “fully registered shares”.
How to place an order
To buy or sell Sanofi shares, you must place an order with your financial intermediary or with Uptevia. Your order must be worded as clearly as possible and include the following details:
- Company name: Sanofi (SAN)
- ISIN code: FR0000120578
- Type of transaction: buy or sell
- Quantity of shares to be bought or sold
- Period of validity of the order:
- Good-for-day: the order may only be executed on the day on which it is placed.
- Good-till-specified: the order remains on the market until the specified date (no more than one year after the date on which the order was placed)
- Good-till-cancelled: the order remains valid for 365 days.
- Settlement method: cash or deferred settlement (service de règlement différé – SRD)
- The price, depending on the type of order placed.
Types of order
Limit order
The shareholder specifies the maximum price (for a buy order) or the minimum price (for a sell order). The order will not be executed if the specified limit is not reached.
Market-to-limit order
The buy or sell order is executed as soon as it is received on the market at the best available price.
Market order
The buy or sell order does not specify a price limit. Market orders take precedence over market-to-limit and limit orders, and are executed at the best possible price at the time the order is recorded.
Stop orders
There are two types of stop order: a stop loss order and a stop limit order. In a stop loss order, the shareholder sets a price limit at which the order becomes a market order (at or above the specified price in the case of a buy order, at or below the specified price in the case of a sell order). In a stop limit order, the shareholder sets a second limit: a maximum price in the case of a buy order, and a minimum price in the case of a sell order.
Transaction costs
Brokerage fees
Financial intermediaries charge a brokerage fee on every transaction, though the amount varies from one intermediary to another. If you hold fully registered shares, you enjoy a preferential brokerage fee rate.
Bank commission
The commission charged on your transactions will vary from one financial intermediary to another. If you place orders relating to fully registered shares, you pay a reduced rate of commission.

Purchase Sanofi American Depositary Shares
JPMorgan acts as a depositary of our ADSs and issues American Depositary Receipts (ADRs) for these shares entitling the shareholder to all dividends and capital gains. To purchase Sanofi ADRs, shareholders may contact a licensed stockbroker or may buy directly from our ADR depository bank, JPMorgan, through Direct Purchase Plan.