Ubisoft 2014 Annual Report Download - page 70

Management Report
2014
65
3.3.6 EMPLOYEE SHAREHOLDING UNDER THE FCPE (COMPANY
MUTUAL FUND)
As of March 31, 2014, employees held 877,487 shares, or 0.829% of the share capital, via the “FCPE
Ubi actions” mutual fund.
During the year ended March 31, 2014, the authorization granted to the Board of Directors by the
Combined General Meeting of June 27, 2013, was used to perform capital increases reserved for
subscribers to a savings plan of the Group, an associated company and/or companies within the
meaning of article L. 225-180 of the French Commercial Code, within the limit of 0.2% of the total
amount of shares comprising the share capital at the time of its use by the Board of Directors, in
particular via a company mutual fund.
The use of these authorization made between April 1, 2013, and March 31, 2014, is detailed in section
3.3.3 for valid authorizations granted to the Board of Directors regarding capital increases.
3.3.7 VALUE OF CONVERTIBLE OR EXCHANGEABLE SECURITIES OR
SECURITIES COMPRISING SHARE WARRANTS
SHARE ISSUANCE WARRANTS (BEA) AS PART OF AN EQUITY LINE
Via the delegation of authority granted by the General Meeting of June 30, 2011, in its eleventh
resolution and the sub-delegation granted by the Board on March 9, 2012, to its Chairman and Chief
Executive Officer, it was decided on March 20, 2012, to issue, with cancellation of preferential
subscription rights of shareholders, share issuance warrants (BEA) exercisable at the discretion of the
Company, underwritten by CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK (CACIB) – an
accredited investor within the meaning of article L. 411-2 of the French Monetary and Financial Code,
through a private placement and for the establishment of an equity line. Further to a rider to the
agreement dated July 10, 2013 the Company and CA-CIB mutually agreed to extend the exercise period
for share issuance warrants to March 20, 2015.
Use during the financial year ended March 31, 2014
N/A
Type and category of BEA
The BEA issued by the Company are securities granting entitlement to capital within the meaning of
article L. 228-91 et seq. of the French Commercial Code. The BEA have not and will not be the subject
of a request for trading on a regulated market or otherwise.
Form and method of registration of BEA
The BEA are issued only in the form of registered shares.
BEA exercise ratio
One (1) BEA entitles the holder to subscribe to one (1) new share at the subscription price hereinafter
defined, subject to any adjustments that may be made in response to financial transactions in
particular.
BEA unit price
€0.0001.
Maximum nominal amount of capital increases from the exercise of BEA
€728,500 or a maximum of 9,400,000 shares can be created.