Atari 2010 Annual Report Download - page 82

Download and view the complete annual report

Please find page 82 of the 2010 Atari annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 188

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188

ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
82
warrants” tendered to the offer. A total of 167.350.200 of the 2007 warrants were tendered, resulting in the issuance of
1,673,502 “2009 warrants” on February 11, 2009.
Taking into account the adjustment made to the exchange ratios of the stock warrants on January 2010, 1.12 warrants is
exercisable for one new share at a price of €6.
As of March 31, 2010, a total of 2,063,600 “2009 warrant” remained outstanding and could be exercised at any time until
December 31, 2012. If all the warrants were exercised, this would result in the issue of 2,311,232 shares.
11.4. ATARI SA STOCK OPTION PLAN
The Board of Directors has been authorized, until November 27, 2010, to grant options for new or existing common
shares of the Company to officers, directors and certain employees of the Group, subject to the ceiling set in
Article L.225-182 of the French Commercial Code (Code de commerce). The exercise price of these options may not
represent less than 95% of the average trading price of the Company's common stock over the twenty trading days
immediately preceding the option grant date. The options generally vest ratably over a three-year period from their grant
date subject to certain conditions and are exercisable for a period of up to eight years. No options may be granted to
Group officers, directors or employees who already own more than 10% of the Company's common stock.
11.5. BASIC AND DILUTED EARNINGS PER SHARE
The table below reconciles basic earnings per share with diluted earnings per share:
Attributale
profit (loss)
for the year
(€ million)
Average
number of
shares
outstanding
Earning
(loss) per
share (€)
2009-2010
From continuing and discontinued operations - basic (23.2) 15,150,987 (1.5)
From continuing operations - basic (26.9) 15,150,987 (1.8)
Dilutive impact of ORANE bonds - - -
Dilutive impact of stocks options - - -
Dilutive impact of stocks w arrants - - -
Dilutive impact of free shares granted - - -
Dilutive impact of OCEANE bonds - - -
From continuing and discontinued operations - diluted (23.2) 15,150,987 (1.5)
From continuing operations - diluted (26.9) 15,150,987 (1.8)
2008-2009
From continuing and discontinued operations - basic (222.7) 12,947,909 (17.2)
From continuing operations - basic (131.9) 12,947,909 (10.2)
Dilutive impact of stocks options - - -
Dilutive impact of OCEANE bonds - - -
From continuing and discontinued operations - diluted (222.7) 12,947,909 (17.2)
From continuing operations - diluted (131.9) 12,947,909 (10.2)
Convertible instruments, the ORANE bonds, grants of free shares, stock options and stock warrants were not taken into
account when calculating diluted earnings (loss) per share for fiscal years 2008-2009 and 2009-2010, as their impact
was anti-dilutive.