Ubisoft 2004 Annual Report Download - page 113

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111
UBISOFT > 2005 FINANCIAL REPORT
4
GENERAL INFORMATION
Employee stock
ownership under the
Company Mutual Fund
(hereafter “FCPE”)
As of March 31, 2005, employees held 406,343 shares
(2.252% of share capital) through the "Ubi Actions" FCPE.
The extraordinary portion of the Combined General
Meeting of July 23, 2004 authorized the Board of Directors
to proceed, solely on the basis of its deliberations, with an
equity issue reserved for French employees, subject to a
limit of 2.5% of the total shares comprising the share
capital at the time of use of the authorization by the Board
of Directors, specifically by means of an FCPE.
Atits meeting on November 29, 2004, the Board of
Directors used this authorization by setting the subscription
price of the shares to be issued at €12.88 each, and specified
that these shares would be subscribed for by the Ubi Actions
FCPE. This equity issue was announced by the Board of
Directors on March 1, 2005. Employees subscribed for
270,405 shares through the Ubi Actions FCPE.
4.2.5 Securities not
representing capital
None.
Identification of security
holders
Article 5 of the Articles of Association authorizes the com-
pany to set up a procedure for identifying security holders.
4.2.7
4.2.6