Atari 2010 Annual Report Download - page 28

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
28
As of March 31, 2010, total treasury shares amounted to 26,070, out of which 23,600 shares in the liquidity contract and
2,470 treasury shares directly owned by the Company.
Liquidity agreement
The account under the market-making agreement between the Company and Crédit Agricole Cheuvreux shows the
following balance as of March 31, 2010
• 23,600 shares
• € 31,040.73
From April 7, 2009, when the previous agreement went into effect, until its expiration on September 30, 2009, a
cumulative total of 113,717 shares were purchased (amounting to 0.86% of those outstanding) for a total of 561,071
euros, and 113 644 shares were sold (amounting to 0.86% of those outstanding) for a total of 568,397 euros.
From September 30, 2009, until March 31, 2010 a cumulative total of 79,166 shares were purchased (amounting to
0.37% of those outstanding) for a total of 546,462 euros, and 55,639 shares were sold (amounting to 0.26% of those
outstanding) for a total of 369,527 euros.
5.4. SHARE BUYBACK PROGRAM
The shareholders’ meeting of September 30, 2009 granted the board of directors authority, for a period of eighteen
months, to buy back up to 10 percent of the Company’s shares outstanding, as measured on the date the board of
directors makes use of this authority, provided, however, that the aggregate number of its own shares held by the
Company as a result of such buybacks may under no circumstances exceed 10 percent of those outstanding (for
information, 1,326,920 shares at this time). The authority expires on March 30, 2011.
The purposes of the new share buyback program include the making of a market, the payment for acquisitions in shares
as well as the use of shares in the event of the exercise of instruments with rights to Company shares.
The current share buyback program is carried out under the market-making agreement in compliance with the AFEI code
of conduct, entered into on April 7, 2009 with Crédit Agricole Cheuvreux, with an initial contribution of 200,000 euros and
no shares, essentially intended for making a market in the shares.
5.5. EMPLOYEE SHARE OWNERSHIP
As of March 31, 2010, the Company's employees owned approximately 0.05% of its shares through the Employee
Savings Plan.
6. ALLOCATION OF NET LOSS
The next Shareholders' Meeting will be asked to allocate the benefit of €22.6 million for the year ended to retained
earnings.
6.1. DIVIDENDS AND DIVIDEND TAX CREDITS FOR THE PAST THREE FISCAL YEARS
The Company did not pay out dividends for the past three years and does not anticipate proposing the distribution of a
dividend for fiscal year 2009-2010.
6.2. NON-DEDUCTIBLE EXPENSES
In accordance with the provisions of Article 223 quater of the French Tax Code (Code général des impôts), we state that
the financial statements for the fiscal year ended comprised no non tax-deductible expenses.
7. CORPORATE OFFICERS
Information on the list of corporate officers and the composition of senior management are provided in the section on
"Corporate Governance" in this Registration Document.
COMPENSATION OF CORPORATE OFFICERS
(Information disclosed in accordance with Article L. 225-102-1 of the French Commercial Code)