Ubisoft 2000 Annual Report Download - page 12

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UBI SOFT / REFERENCE DOCUMENT
11
d) During its meeting on March 12, 2001, the Board of Directors used
the authorization granted by the Extraordinary General Meeting
held on March 9, 2001 to issue 53,266 equity warrants with a face
value of FF 106,532.
Chief characteristics of the March 12, 2001 equity warrants:
Initial number of warrants: 53,266
Issue price: 0.01
Strike price: 40.288
Strike period: from December 28, 2001 to March 11, 2006
Warrants not exercised by the end of this period will lose all value and be cancelled.
As of March 31, 2001, no equity warrant had been exercised.
e) During its meeting on March 19, 2001, the Board of Directors used
the authorization granted by the Extraordinary General Meeting
held on March 9, 2001 to issue 9,044 equity warrants with a face
value of FF 18,088.
Chief characteristics of the March 19, 2001 equity warrants:
Initial number of warrants: 9,044
Issue price: 0.01
Strike price: 32.072
Strike period: March 19, 2002 through March 18, 2006
Warrants not exercised by the end of this period will lose all value and be cancelled.
As of March 31, 2001, no equity warrant had been exercised.
3.2.4. Securities which do not represent
the capital
Not applicable.
3.2.5. Identification of holders of securities
Article 5 of the Articles of Association authorizes the company to set
up a procedure for identifying holders of its securities.
3.2.6. Potential capital
The Extraordinary General Meeting of June 15, 1996 and the combi-
ned Ordinary and Extraordinary General Meeting of September 2,
1997 authorized the Board of Directors to grant stock options to
employees of the Ubi Soft Group, entitling them to subscribe for a
total of no more than 1,000,000 shares with a face value of FF 2,
giving a maximum total increase in capital of FF 2 million in face
value.
The Extraordinary General Meeting of September 13, 2000 authori-
zed the Board of Directors to grant Group employees stock options
giving the right to subscribe for a maximum number of shares tota-
ling 2.5% of the number of shares making up the share capital at the
time the Board of Directors made use of this authorization.
Making use of the authorization given by the Extraordinary General
Meeting of June 15, 1996, by the extraordinary portion of the combi-
ned Ordinary and Extraordinary General Meeting of September 2,
1997 and by the extraordinary portion of the combined Ordinary and
Extraordinary General Meeting of September 13, 2000, the Board of
Directors decided to:
>grant employee stock options for 250,000 shares on June 15, 1996,
>grant employee stock options for 250,000 shares on April 22, 1997,
>grant employee stock options for 250,000 shares on October 23,
1998.
>grant employee stock options for 40,471 shares on December 8,
2000,
>grant employee stock options for 400,000 shares on April 9, 2001.
On March 31, 2001, 992,477 options entitling the grantees to the
same number of Ubi Soft shares were still unexercised.