Ubisoft 2006 Annual Report Download - page 133

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INFORMATION ON THE COMPANY
121
4
- The retention of shares for delivery at a later date
in exchange or as payment for future external growth
operations up to the limit of 5% of the existing capital.
- The cancellation of shares.
- The implementation of any practice that may be recognized
by law or by the AMF.
Pursuant to Article 212-13 of the General Rules of the
AMF as referred to in Article 241-1 of the General rules of
the AMF, a summary of the share buyback program
was published online on the company’s website and on the
website of the AMF.
4.2.2.3.2 Liquidity contracts
The company awarded a liquidity contract to Exane BNP
PARIBAS, which adheres to the AFEI code of ethics
recognized by the AMF, with effect from January 2, 2006
for a term of one year renewable by tacit agreement.
The company allocated a sum of €1,500,000 to implement
this contract during the fiscal year just ended.
4.2.2.4 Authorized unissued capital
Status of current authorizations to the Board of Directors to increase the capital
showing their use during the fiscal year ended on March 31, 2007
(1) Charging to the overall ceiling of €2,000,000 fixed by the General Meeting of September 25, 2006 (Resolution 14) authorizing equity issues without pre-emptive
rights
(2) On August 31, 2006 the Board of Directors, pursuant to the similar authorization voted by the General Meeting of September 21, 2005
(superseded by the authorization voted by the General Meeting in its Resolution 11) decided to issue equity with a nominal amount of €7,736.36.
(3) Charging to the overall ceiling of €4,000,000 fixed by the General Meeting of September 25, 2006 (Resolution 15)
Percentage of capital held directly and indirectly 0.049%
Number of shares cancelled in the last 24 months NONE
Number of shares held in the portfolio (a) 22,059
Book value of the portfolio €795,343.59
Market value of the portfolio (b) €806,256
(a) All shares were acquired under the liquidity contract made with Exane BNP PARIBAS.
(b) closing price at March 31, 2007: €36.55.
4.2.2.3.3 Situation as of March 31, 2007
Type of authorization
Authorization granted to the
Board of Directors to issue
shares to employees in
connection with the company
savings scheme
Authorization granted to the
Board of Directors to grant
employees options giving a right
to new shares and/or stock
options
Delegation of authority to the
Board of Directors to proceed
with an equity issue reserved for
employees of company
subsidiaries headquartered
outside France
Authorization granted to the
Board of Directors to issue
ordinary shares and securities as
compensation for contributions
in kind made to the company
and consisting of equity and/or
investment securities granting
entitlement to the capital
General authorization granted to
the Board of Directors to carry
out equity issues with pre-
emptive rights
General authorization granted to
the Board of Directors to carry
out equity issues without pre-
emptive rights
Meeting date
September 25, 2006
Resolution 9
September 25, 2006
Resolution 10
September 25, 2006
Resolution 11
September 25, 2006
Resolution 12
September 25, 2006
Resolution 13
September 25, 2006
Resolution 14
Term -
Expiration
26 months
(November 24,
2008)
38 months
(November 24,
2009)
18 months
(March 24,
2008)
26 months
(November 24,
2008)
26 months
(November 24,
2008)
26 months
(November 24,
2008)
Authorized amounts
1% of the amount of the share capital as
of the date the authorization used1by the
Board of Directors
3.5% of the number of shares existing as
of the date the authorization used
1% of the amount of the share capital as
of the date of the decision by the Board
of Directors1
10% of the company’s capital as of the
date of the meeting
(4,120, 471 shares)
Total face value of the shares or securities
that can be issued: €2,000,0003
Face value of the debt securities that can
be issued: €100,000,000
Total face value of the shares or securities
that can be issued: €2,000,0003
Face value of the debt securities that can
be issued: €100,000,000
Use of the
authorization during
the fiscal year
NONE
NONE
NONE 2
NONE
NONE
NONE