Ubisoft 2002 Annual Report Download - page 75

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2003
75
FINANCIAL
REPORT
Accounts on March 31, 2003
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)
Exercise period: November 3, 1999 through November 2,2002
Exercise 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 one share with a face value of 0.31
Issue price: 0.01(FF 0.07)
Exercise period: December 28, 2001 to March 11, 2006
Exercise 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 one share with a face value of 0.31
Issue price: 0.01(FF 0.07)
Exercise period: March 19, 2002 to March 18, 2006
Exercise price: 32.072 (FF 210.38)
These warrants were cancelled.
Company Savings Plan
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 capi-
tal 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.
Number of shares of Ubi Soft Entertainment SA
On March 31, 2003, the share capital consisted of 17,540,082
shares, each with a face value of 0.31, totaling 5,437,425.
Number of shares created 137,115
Face value 0.31
Subscription value 7.09
Subscription period From November 18 to 30,2001
As of 04/01/02 17,368,732
Exercised options 34,175
Stock subscription warrants exercised 60
Shares subscribed in Company Savings Plan 137,115
As of 03/31/03 17,540,082