Ubisoft 2004 Annual Report Download - page 73

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71
UBISOFT > 2005 FINANCIAL REPORT
2
FINANCIAL REPORT FOR THE FISCAL YEAR ENDING MARCH 31, 2005
Chief characteristics of the 3.80% bond issue
lNumber: 314,815 bonds
As a result of the 5-for-1 stock split and the adjustment made in connection with
the issue of warrants for the purchase of existing shares and/or subscription of
new shares in May 2003, one bond entitles its holder to subscribe
5.191 shares, each with a par value of €0.31.
lIssue price: €164.64
lEntitlement date and settlement date: July 16, 1998
lTerm of bond: 7 years
lAnnual yield: 3.80% per year, or €6.26 per bond, payable on July 16 of each year.
lGross yield to maturity: 3.80% on July 16, 1998
lNormal redemption: Amortized in full by July 16, 2005, by redemption at a price of €164.64,
or 100% of the issue price.
163,732 bonds were converted, four during this fiscal year.
As of March 31, 2005, 151,083 bonds remain to be converted.
Chief characteristics of the OCEANE (bonds convertible/exchangeable into new and/or existing shares)
lNumber: 3,150,000 bonds
As a result of the adjustment madein connection with the issue of warrants
for the purchaseof existing shares and/or subscription for new shares in
May 2003, one bond entitles its holder to subscribe for 1.037 shares, each
with a par value of €0.31.
lIssue price: €47.50
lEntitlement date and settlement date: November 30, 2001
lTerm of bond: Five years from the settlement date
lAnnual yield: 2.5% per year, payable in arrears on November 30 of each year.
lGross yield to maturity: 4.5% on settlement date (if there is no conversion and/or exchange of shares,
and in the absenceof earlyredemption)
lNormal redemption: Redemption in full on November 30, 2006, at a price of €52.70, or 110.94%
of face value.
The company bought back 1,400,699 bonds. These bonds were cancelled.
As of March 31, 2005, 1,749,301 bonds remain to be converted.
Chief characteristics of the OBSAR (bonds with redeemable share subscription warrants)
Atits meeting on November 3, 2003, the Board of Directors used the authorization granted by the Combined General
Shareholders' Meeting of September 12, 2002, to proceedwith an OBSAR bond issue (bonds with redeemable share
subscription warrants).
The breakdown of financial debt by currency is as follows:
3.31.05 3.31.04
Euros 235,470 214,285
US dollars 23,154 18,606
Canadian dollars 16,058 6,323
Pounds sterling 5,932 -
Australian dollars 2,309 4,361
Swiss francs 1,508 -
Other 1,534 17
Financial debt 285,965 243,592