Ubisoft 2001 Annual Report Download - page 59

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FINANCIAL REPORT
Consolidated accounts
59
Share subscription warrants
■November 3, 1999 share warrants
November 3, 1999 share warrants
Initial number of warrants 372,058, 2 warrants needed to subscribe a share of face value 1.52
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
Issue price: 136 (FF 892.10).
Strike period: from November 3, 1999 to November 2, 2002
Strike price: 170 (FF 1,115.13).
26 warrants suscribed during the fiscal year.
As of March 31, 2002, 340,516 warrants had still not been exercised.
■March 12, 2001 share warrants
Number and face value: 53,266, 1 warrant needed to subscribe a share of face value 0.31 (FF 2)
Issue price: 0.01 (FF 0.07)
Strike period: from December 28, 2001 to March 11, 2006
Strike price: 40.288 (FF 264.27).
As of March 31, 2002, no warrants had been exercised.
■March 19, 2001 share warrants
Number and face value: 9,044, 1 warrant needed to subscribe a share of face value 0.31 (FF 2)
Issue price: 0.01 (FF 0.07)
Strike period: from March 19, 2002 to March 18, 2006
Strike price: 32.072 (FF 210.38).
As of March 31, 2002, no warrants had been exercised.
Stock options
The capital increases and issue premiums during the past financial year were partly driven by the exercising of stock options.
For the record, the exercise conditions of the stock option plans are as follows:
2nd Plan 3rd Plan 4th Plan 5th Plan 6th Plan
Initial number of shares: 250,000 250,000 40,471 400,000 44,605
Face value 0.31 0.31 0.31 0.31 0.31
Subscription price: 12.10 20.40 38 34.51 34.51
Date of validity 04.22.97 10.23.98 12.08.00 04.09.01 04.25.01
On 04.22.02 On 10.23.03 On12.08.05 On 04.09.06 On 04.24.06
Options not exercised as of March 31, 2002 97,793 244,725 40,471 400,000 44,605
New 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 ENTER-
TAINMENT 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.
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 on
July 13, 2001.