Atari 2012 Annual Report Download - page 20

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ANNUAL FINANCIAL REPORT – REGISTRATION DOCUMENT
20
3. PARENT COMPANY BUSINESS AND FINANCIAL RESULTS (ATARI S.A.)
The Company is the parent entity and head of the Atari Group. It derives most of its revenue (other than investment and
interest income) from services (corporate management, financial and legal management, cash management, data
systems, general resources, etc.) performed on behalf of its subsidiaries and re-billed to them. Its business, accordingly,
is not representative of that of the Group as a whole.
4. BUSINESS AND FINANCIAL RESULTS OF SUBSIDIARIES
The Company believes that providing such information is not relevant due to the way the management is analyzing the
business.
5. SHAREHOLDERS
5.1. SHARE OWNERSHIP AND VOTING RIGHTS
As of March 31, 2012, the Company’s shareholders were entitled to an aggregate of 29,496,407 votes. The data below
were prepared on the basis of information obtained from the registrar.
To the best of the Company's knowledge, share ownership and voting rights broke down as follows as of
March 31, 2012:
Ownership
Number of
shares
(%)
Number of
voting rights
(%)
BlueBay(1)
8,616,298
29.2%
8,616,298
29.2%
Public(2) (3)
20,867,106
70.8%
20,880,109
70.8%
Total
29,483,404
100.00%
29,496,407
100.00%
(1) Through the BlueBay funds. As of March 31, 2012, on a fully-diluted basis, BlueBay owns 64% of the Company’s shares and
of the voting rights.
(2) Including GLG, which notified the Company that it hold on January 31, 2012 1,255,996 Company shares (or 4.26% on that
date) and 1,255,996 voting rights (or 4.26% of shareholder’s voting rights on that date), as well as 5,210 warrants that can be
exercised by December 2012.
(3) Including 2,469 treasury shares.
The Company's principal shareholders have the same voting rights as all other shareholders. The Company is controlled
as described above. For more information on a potential conflict of interest, please refer to section 8. “Risk to which the
business is exposed / Financial risks / Risks related to potential conflicts of interests” on page 33.
To the best of the Company's knowledge, as of March 31, 2012, no other shareholder owned, alone or in concert, 5% or
more of the shares or voting rights.
5.2. CHANGES IN OWNERSHIP DURING THE FISCAL YEAR
As required by the Company's Articles of Incorporation, which provide that any ownership of 2% or more of the shares or
voting rights must be reported, the Company was notified of the following changes in share ownership during the period:
By letter dated November 15, 2011, BlueBay (comprised of The BlueBay Value Recovery (Master) Fund Limited
and The BlueBay Multi-Strategy (Master) Fund Limited), crossed, as a result of the conversion of some of its
ORANEs, the reporting thresholds of 20 and 25%. As a result, as of November 15, 2011, BlueBay held 29.23%
of the Company outstanding shares and 29.21% of the voting rights. At the same date, The BlueBay Value
Recovery (Master) Fund Limited held 24.99% of the Company outstanding shares and 24.98% of the voting
rights and The BlueBay Multi-Strategy (Master) Fund Limited hold 4.23% of the Company outstanding shares
and of the voting rights. BlueBay also declared owning 152,636 ORANE 2010 that can be converted into
4,028,064 Atari shares, 1,086,623 ORANEs 2009 that can be converted into 20,602,372 ATARI shares,
342,095 ORANEs 2009 that can be converted into 10,019,963 ATARI shares and 1,663,292 warrants (BSA)
2009 that can be exercised into 1,862,887 ATARI shares. As specified in the press release of Atari from
November 8, 2011, BlueBay has indicated to Atari that the sole purpose of the conversion of the ORANEs
referred to above is to simplify BlueBay's holding structure of its stake in Atari and that it does not intend to
further increase, directly or indirectly, its shareholding in Atari. Also refer to section 8. “Risk to which the
business is exposed / Financial risks / Risks related to potential conflicts of interests” on page 33.
By letter dated January 31, 2012, GLG Partners LP informed the Company that it crossed on January 26, 2012
the reporting thresholds of 5%. As a result, as of January 31, 2012, GLG Partners LP hold 1,255,996 shares
representing 4.26% of the share capital and of the voting rights at that date.
5.3. TRADING BY THE COMPANY IN ITS OWN STOCK
Treasury share
As of March 31, 2012, total treasury shares amounted to 2,469 treasury shares directly owned by the Company.