Ubisoft 2002 Annual Report Download - page 56

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2003
56
FINANCIAL
REPORT
Number of Ubi Soft Entertainment SA shares
Stock purchase warrants
November 3, 1999 stock purchase warrants
Initial number of warrants: 372,058, with two warrants required to purchase a share at a face value of 1.52 (FF 10)
As a consequence of the 5-for-1 stock split, two warrants allow five shares to be subscribed with a face value of 0.31
Issue price: 136 (FF 892.10)
Strike period: November 3,1999 through November 2, 2002
Strike price: 170 (FF 1,115.13).
As of April 1, 2002,340,516 warrants had still not been exercised.
24 warrants were exercised during the fiscal period and warrants not exercised before the end of the period were cancelled
March 12,2001 stock purchase warrants
Number and face value: 53,266, with one warrant needed to subscribe a share at a face value of 0.31 (FF 2)
Issue price: 0.01(FF 0.07)
Strike period: December 28, 2001 to March 11, 2006
Strike price: 40.288 (FF 264.27)
As of March 31, 2003,no warrants had been exercised.
March 19,2001 stock purchase warrants
Number and face value: 9,044, with one warrant needed to subscribe a share at a face value of 0.31 (FF 2)
Issue price: 0.01(FF 0.07)
Strike period: March 19,2002 to March 18, 2006
Strike price: 32.072 (FF 210.38)
These warrants were cancelled.
Stock options
The increases in capital and issue premiums during the past fiscal period were partly driven by the exercising of stock options.
For the record, the exercise conditions of the stock option plans are as follows:
New equity issue reserved for employees
The extraordinary portion of the Combined Ordinary and
Extraordinary General Meeting of September 12,2002,author-
ized the Board of Directors to increase the capital of Ubisoft
Entertainment via an 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 October 19,2001, the Board of Directors used
the authorization granted by the Combined Ordinary and
Extraordinary General Meeting of September 12,2000, setting
the subscription price of the shares to be issued at 7.09
each, and specified that these shares would be subscribed by
the Ubi Actions Company Investment Fund.
The employees subscribed 137,115 shares via the Ubi Actions
FCPE. The Board of Directors took note of this equity issue at
its meeting on December 20, 2002.
3rd Plan 4th Plan 5th Plan 6th Plan 7th Plan 8th Plan 9th Plan 10th Plan
Initial number of shares 250,000 40,471 400,000 44,605 389,065 353,181 9,220 71,796
Face value 0.31 0.31 0.31 0.31 0.31 0.31 0.31 0.31
Subscription value 20.40 38 34.51 34.51 12.82 9.20 10.25 9.20
Exercise period 10.23.98 12.08.00 04.09.01 04.25.02 08.16.02 10.16.02 01.29.03 04.28.03
to 23.10.03 to 12.08.05 to 04.09.06 to 04.24.06 to 08.15.08 to 10.15.07 to 01.28.08 to 10.27.07
Options not exercised
as of March 31, 2003 244,405 40,471 400,000 44,605 389,065 353,181 9,220 71,796
As of 04/01/02 17,368,732
Exercised options 34,175
Share subscription warrants exercised 60
Shares subscribed in Company Savings Plan 137,115
As of 03/31/03 17,540,082