Ubisoft 2014 Annual Report Download - page 178
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Financial statements
2014
173
Group savings scheme
Ubisoft also offers Group savings schemes, which allow workers in France and abroad 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.
The lock-in period is five years for French employees.
03/31/14
03/31/13
Grant date
1.1.1 03/26/14
1.1.2 07/18/13
1.1.3 07/19/12
Subscription price (in euros)
10.13
6.237
4.48
Number of shares subscribed
96,587
95,415
56,421
Share subscription warrants
Share subscription warrant at April 10, 2012
Initial number of warrants: 95,090,002
Ratio for exercising warrants: 11 warrants to subscribe for one new share
Exercise period: From April 10, 2012, to October 10, 2013
Strike price: €7
91,273,655 warrants were exercised during the financial year.
Own shares
As at March 31, 2014, the Company held 467,618 own shares.
Number of shares in portfolio:
- Liquidity agreements
106,680
- Stock option hedges
360,938
Regulated provisions
Details of regulated provisions are given in Note 3.3 Statement of changes in equity.
Note 14. Provisions in the balance sheet
At 03/31/13
Provisions
for the
period
Reversals
for the
period
Reclassificati
ons
At 03/31/14
Provisions for risks
For foreign exchange risks
44
726
44
-
726
For subsidiary risks
2,482
3,990
838
-
5,634
For lawsuits
-
13
-
-
13
Provisions for impairment
On equity investments
1,053
3,201
19
-
4,235
On current account advances
222
-
97
-
125
TOTAL at 03/31/14
3,801
7,930
998
-
10,733
TOTAL at 03/31/13
5,021
1,413
2,633
-
3,801