Ubisoft 2009 Annual Report Download - page 152

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148
Bonus share grants
Bonus share grants, which are subject to performance conditions, are locked in for a four-year period
following the grant date. As the shares granted are ordinary shares in the same category as the old shares
that comprise the company's equity, employee-shareholders receive dividends and voting rights on all of
their shares at the end of the vesting period.
03.31.10 03.31.09 03.31.08
Grant date 12.15.09 11.17.09 04.09.09 09.15.08 06.13.08 03.17.08 10.02.07
Maturity - Vesting period (in years) 4 years 4 years 4 years 4 years 4 years 4 years 4 years
Number of instruments allocated 355,000 15,000 45,500 80,580 30,600 122,000 233,500
Number of instruments cancelled - - 1,500 - - - 24,000
Number of instruments as of 03.31.10 355,000 15,000 44,000 80,580 30,600 122,000 209,500
Group employee savings plan
Ubisoft also offers group employee savings plans, which allow workers to acquire Ubisoft shares as part of
reserved capital increases. Workers acquire these shares with a maximum discount of 15 % versus the
average opening price over the 20 trading days prior to the Board of Directors’ meeting that approved the
capital increase.
03.31.10 03.31.09
Issue date 06.18.09 04.09.09 08.29.08 04.11.08
Subscription price (in euros) 14.37 11.57 27.56 23.43
Lock-in period (in years) 5 years 5 years 5 years 5 years
Number of shares subscribed to 74,476 187,711 100,896 118,232
Own shares
As of March 31, 2010, the Company held 94,318 of its own shares.
Regulated provisions
Details of regulated provisions are given in note 2.3.3 Statement of changes in equity.
Note 15. Borrowings
03.31.10 03.31.09
Accrued interest 99 99
Bank overdrafts and short-term loans 108,534 56,743
Borrowings 108,633 56,842
Fixed-rate debt - -
Variable-rate debt 108,633 56,842
< 1 year from 1 to 5
years
> 5
years
Amounts payable as of March 31, 2010 108,633 - -