Ubisoft 2005 Annual Report Download - page 129

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5
127
UBISOFT • 2006 ANNUAL REPORT
FINANCIER
INFORMATION ON THE COMPANY
5.2.2.3.2Liquidity contracts
The company cancelled the market-making agreement on
its share with ING Securities as of December 31, 2005.
It awarded a liquidity contract to Exane BNP PARIBAS,
which adheres to the AFEI code of ethics recognized by the
AMF; the contract takes effect on January 2, 2006 for a
term of one year and is renewable by tacit agreement.
The company allocated a sum of €1,500,000 to implement
this contract.
5.2.2.4 Authorized unissued capital
Status of the valid authorizations granted by the Extraordinary General Meetings of July 23, 2004
and September 21, 2005
(2) Charging of all equity issues to the €8,000,000 authorized in the resolution authorizing equity issues without pre-emptive rights.
(3) See 5.2.2.7.
(4) Charging to the €8,000,000 authorized in the resolution authorizing equity issues without pre-emptive rights.
Percentage of capital held directly and indirectly 0.105%
Number of shares cancelled in the last 24 months NONE
Number of shares held in the portfolio(1) 20,500
Book value of the portfolio €678,648.65
Market value of the portfolio €780,025
(1) All shares were acquired under the liquidity contract made with Exane BNP PARIBAS.
Type of authorization
General authorization granted to the
Board of Directors to carry out equity
issues with pre-emptive rights
General authorization granted to the
Board of Directors to carry out equity
issues without pre-emptive rights
Authorization granted to the Board of
Directors to issue ordinary shares and
securities as compensation for contri-
butions in kind made to the Company
and consisting of equity and/or invest-
ment securities granting entitlement to
the capital
Authorization granted to the Board of
Directors to issue shares to employees
in connection with the company
savings scheme
Authorization granted to the Board of
Directors to grant employees options
giving a right to new shares and/or
stock options
Delegation of authority to the Board
of Directors to proceed with an equity
issue reserved for employees of com-
pany subsidiaries headquartered
outside France
Meeting
date
July 23, 2004
July 23, 2004
September 21,
2005
July 23, 2004
September 21,
2005
September 21,
2005
Term –
Expiration
26 months
(September 2006)
26 months
(September 2006)
12 months
(September 2006)
18 months
(September 2006)
38 months
(March 2009)
12 months
(September 2006)
Authorized amounts
Total face value of the shares or securi-
ties that can be issued: €8,000,000
Face value of the debt securities that
can be issued: €300,000,000
Total face value of the shares or securi-
ties that can be issued: €8,000,000
Face value of the debt securities that
can be issued: €300,000,000
10% of the company’s capital as of the
date of the Board of Directors’
decision (2)
2.5% of the total shares comprising the
share capital as of the date authoriza-
tion used
3.5% of the total number of shares exis-
ting as of the date authorization used by
the Board of Directors
2.5% of the share capital as of the date
of the Board of Directors’ decision
Use of the
authorization during
the fiscal year
NONE
NONE
NONE
At its meeting of December
13, 2005, the Board of
Directors approved an increase
in the maximum nominal
amount of €63,904.64(3)
667,946 share subscription
options granted by the Board
of Directors on February 23,
2006
NONE
5.2.2.3.3Situation as of March 31, 2006