Atari 2009 Annual Report Download - page 150

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
150
AUTHORIZED CAPITAL
The Shareholders' Meeting will be asked to approve the financial statements for the year ended March 31, 2009 and
renew the authorizations set forth below.
The Extraordinary Shareholders' Meeting of November 15, 2006 authorized the Board of Directors, for a period of 38
months, to grant free shares to employees and corporate officers of the Company and its associates, with the total
number of new or existing shares to be granted free of consideration not to exceed 10% of the Company's share capital
at the date the authorization is used.
The Extraordinary Shareholders‟ Meeting of January 19, 2009 delegated authority to the Board of Directors to increase
the capital by issuing shares or other securities carrying rights to Company shares, to be offered to members of company
savings plans, over a period of 26 months and for an aggregate maximum nominal amount of €3 million. This maximum
amount is included in the maximum amount of capital increases set by the Shareholders‟ Meeting under the second
resolution.
Finally, shareholders will be requested at the next Extraordinary Shareholders' Meeting to authorize the Board of
Directors, until March 18, 2011, to increase the capital by issuing securities carrying rights to Company shares, without
pre-emptive subscription rights for existing shareholders, by way of an offer provided for in Article L. 411-2, II, of the
French Monetary and Financial Code.
The maximum amount of capital increases that may be carried out through such offers, immediately and/or in the future,
pursuant to this authorization shall be capped at 20% of the Company‟s share capital each year.
Stock option plans
During fiscal year 2008-2009, the Company granted 316,754 stock options to one of its employees.
As of March 31, 2009, 275,612,505 options remained outstanding, with a potential dilutive effect of 23.66% on that date.
SECURITIES CARRYING RIGHTS TO SHARES
FINANCIAL INSTRUMENTS CARRYING RIGHTS TO SHARES
Stock option plans
The Board of Directors has used the authorizations granted by the Company's shareholders in Extraordinary
Shareholders‟ Meetings to grant stock options to certain employees and corporate officers of the Group, the details of
which are provided below.
Plan no. 6
Plan no. 7
Plan no. 8
Plan no. 9
Plan no. 10
Plan no. 11
Date of Shareholders' Meeting
12/16/1999
12/15/2000
12/15/2000
12/17/2001
12/17/2001
05/29/2002
Date of Board meeting
10/30/2000
10/24/2001
10/24/2001
03/15/2002
11/07/2002
09/16/2003
Total number of stock options granted
(1)
543,341
2,266,706
343,340
304,767
4,174,992
2,793,699
Of which, to members of the Executive
Committee and Board of Directors (2)
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-
-
-
-
-
Start date of exercise period
10/30/2000
10/24/2001
10/24/2001
03/15/2002
11/07/2002
09/16/2003
Expiration date of stock options
10/30/2008
10/24/2009
10/24/2009
03/15/2010
11/07/2010
09/16/2011
Exercise price of stock options (€) (1)
806.83
293.48
522.3
428.78
98.49 (3)
180.07
Vesting of stock options granted
20% per year
25% per
year
25% per
year
25% per year
25% per
year
25% per
year
Total number of stock options
outstanding as of March 31, 2008
54,401
1,738,455
266,908
245,452
3,485,765
2,372,925
Stock options exercised between
April 1, 2008 and March 31, 2009
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-
-
-
-
-
Stock options cancelled between
April 1, 2008 and March 31, 2009
54,401
-
-
-
-
-
Total number of stock options
outstanding as of March 31, 2009
-
1,738,455
266,908
245,452
3,485,765
2,372,925
Of which held by members of the
Executive Committee and Board of
Directors (2)
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-
-
-
-
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