Ubisoft 2003 Annual Report Download - page 106

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FINANCIAL REPORT
2004
106
4.2.5 Employee-owned stock as part of the Company Mutual Fund (FCPE)
As of March 31, 2004, employees held 142,558 shares (0.81% of share capital) and 171,770 stock purchase warrants through
the "Ubi Actions" Company Mutual Fund (hereafter FCPE).
The extraordinary portion of the Combined Ordinary and Extraordinary General Meeting of September 12, 2003 authorized
the Board of Directors, at its sole initiative, to proceed with a new equity issue reserved for French employees, subject to a
limit of 2.5% of the total shares comprising the company's share capital at the time the authorization was used, specifically
by means of an FCPE.
At its meeting on March 3, 2004, the Board of Directors used the authorization granted by the Shareholders’ Meeting of
September 12, 2003, setting the subscription price of the shares to be issued at ¤13.75 each, and specified that these shares
would be subscribed for by the Ubi Actions FCPE.
Employees subscribed for 99,627 shares via the Ubi Actions FCPE. The Board of Directors took note of this equity issue at its
meeting on May 18, 2004.
4.2.6 Securities not representing capital
None.
4.2.7 Identification of holders of securities
Article 5 of the Articles of Association authorizes the company to set up a procedure for identifying holders of its securities.