Ubisoft 2001 Annual Report Download - page 105

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FINANCIAL REPORT
General information on the capital
105
f) 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 2803.64 (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, 2002, no equity warrant had been exercised.
6.2.4 Securities which do not
represent the capital
Not applicable
6.2.5 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.
6.2.6 Potential capital
The Extraordinary General Meeting of June 15, 1996 and
the combined 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
authorized the Board of Directors to grant stock options to
employees of the Group, entitling them to subscribe for a
total number of shares not exceeding 2.5% of the total shares
comprising the company's share capital at the time the
authorization was used by the Board of Directors.
Using the authorizations granted by the Extraordinary
General Meeting of June 15, 1996, by the Extraordinary
portion of the Combined 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 company's Board of
Directors resolved to:
■grant employee stock options for 250,000 shares on
June 15th, 1996,
■grant employee stock options for 250,000 shares on
April 22nd, 1997,
■grant employee stock options for 250,000 shares on
October 23rd, 1998,
■grant employee stock options for 40,471 shares on
December 8th, 2000,
■grant employee stock options for 400,000 shares on
April 9th, 2001,
■grant Incentive Stock Options for 44,605 shares to the
employees of the American subsidiaries on October 25,
2001.
On March 31, 2002, 827,594 options entitling the grantees
to the same number of Ubi Soft shares were still unexercised.
6.2.7 Equity issue reserved
for employees
The extraordinary portion of the Combined Ordinary and
Extraordinary General Meeting of September 13, 2000,
authorized the Board of Directors to carry out a new UBI SOFT
ENTERTAINMENT equity issue reserved for employees of the
company and its French subsidiaries, to a maximum of 2.5%
of the total shares comprising the company's share capital
at the time the authorization was used, in particular by
means of a Company Investment Fund (hereafter referred to
as “FCPE”).
At its meeting on April 10, 2001, the Board of Directors
used the authorization granted by the Combined Ordinary
and Extraordinary General Meeting of September 13, 2000,
setting the subscription price of the shares to be issued at
26.72 Euros each, and specified that these shares would be
subscribed by the Ubi Actions Company Investment Fund.
The employees subscribed 47,007 shares via the Ubi
Actions FCPE. The Board of Directors took note of this equity
issue at its meeting on July 13, 2001.