Ubisoft 2001 Annual Report Download - page 103

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FINANCIAL REPORT
General information on the capital
103
6.2.3 Authorized unissued capital
a) At a meeting on September 29, 1997, the Board of Directors used the authorization granted by the combined Ordinary and
Extraordinary General Meeting of September 2, 1997 in order to issue convertible bonds without subscription right to a value of
M15.275 (FF 100.2 million).
■Chief characteristics of the first bond issue:
Number and face value: 167,000 bonds with a face value of 91.47 (FF 600)
Issue price: 91.47 (FF 600) per bond
Due date and settlement day: October 10, 1997
Term of bond: 5 years and 173 days
Annual yield: 2% per year, or 1.83 (FF 12) per bond, payable on April 1 of each year starting
April 1, 1998
Gross redemption yield: 4.26% on October 10, 1997
Normal redemption: redeemed in full by April 1, 2003 by redemption at a price of 103.91
(FF 681.58), or 113.6% of the issue price
On March 31, 2002 the first bond is closed.
166,364 bonds were converted in the 2001-2002 financial year, with 40,075 bonds remaining to be converted.
636 bonds have been repaid early, from May 21 to August 20 2001.
b) The meeting of the Board of Directors of June 30, 1998 made use of the authorization from the Extraordinary General
Meeting of the same date to issue convertible bonds without subscription right to a value of M51.83 (FF 340 million).
■Chief characteristics of the second convertible bonds issue:
Number and face value: 314,815 bonds with a face value of 164.64 (FF 1,080)
Issue price: 164.64 (FF 1,080) per bond
As a consequence of the 5-for- 1 stock split, two bonds allow five shares to be subscribed with a face value of 0.31
Due date and settlement day: July 16, 1998
Term of bond: 7 years
Annual yield: 3.80% per year, or 6.26 (FF 41.04) per bond, payable on July 16 of each year
starting July 16, 1999
Gross redemption yield: 3.80% on July 16, 1998
Normal redemption: redeemed in full by July 16, 2005 by redemption at a price of 164.64
(FF 1,080) per bond, or 100% of the issue price
163,721 bonds were converted, 1,019 in the 2001-2002 financial year.
151,094 bonds remaining to be converted.