Ubisoft 2006 Annual Report Download - page 134

UBISOFT • FINANCIAL REPORT 2007
Potential capital (6.24% dilution)
Number of shares as of 03.31.2007 45,397,276 Capital as of 03.31.2007 €7,036,577.78
Options to subscribe as of 03.31.2007 3,020,002 Potential increase €468,100.31
Potential shares as of 03.31.2007 48,417,278 Potential capital as of 03.31.2007 €7,504,678.09
Bond Debentures- Bonds with the option of conversion into and/or exchange for new or existing shares of
the company (OCEANE)
Chief characteristics of this bond debenture:
Total maximum amount: € 172.5 M
Number: 3,150,000 bonds (as a result of the adjustment made in connection with the issue of warrants
for the purchase of existing shares and/or the subscription of new shares in May 2003) one
bond entitles its holder to subscribe for 1.037 shares.
Nominal issue price: €47.50.
Dated date
and settlement date: November 30, 2001.
Term of bond: Five years from settlement date.
Annual yield: 2.5% per year, payable in arrears on November 30 of each year.
Gross redemption yield: 4.5% on the settlement date (if no conversion into and/or exchange for shares and no early
redemption).
Normal redemption: Redemption in full on November 30, 2006 at a price of €52.70, i.e. 110.94% of face value.
Bonds exercised during the fiscal year ended March 31, 2007:
The closing date was November 22, 2006.
During the fiscal year ended on March 31, 2007, 475,998 shares with a nominal value of €0.31 were created following the
conversion of 459,013 OCEANE, and 1,290,288 OCEANE were redeemed.
Use made by the Board of Directors since the closing of the fiscal year ended on March 31, 2007
Nature 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
Meeting date
Resolution
September 25, 2006
Resolution 9
September 25, 2006
Resolution 10
Term -
Expiration
26 months
(November 24,
2008)
38 months
(November 24,
2009)
Authorized amounts
1% of the amount of the share capital
as of the date authorization used
3.5% of the number of shares existing
as of the date authorization used by
the Board of Directors
Implemented
in financial year
At its meeting of April 26,
2007, the Board of Directors
approved a capital increase
in the maximum amount
of €70,365.66
1,588,904 share subscription
options granted by
the Board of Directors
on April 26, 2007
4.2.2.5 Convertible securities, exchangeable securities and securities
with share subscription warrants
At its meeting on December 5, 2006 the Board of Directors decided, pursuant to the authorization granted by the
Extraordinary General Meeting of September 25, 2006, first, to make a 2-for-1 split in the nominal value of a share with
effect from December 11, 2006, and second, to delete the reference to the nominal share value in the Articles of Association.
Potential capital
The number of options open but not exercised as of March 31, 2007 was 3,020,002.
If all these options were to be exercised, the capital of Ubisoft Entertainment SA would increase as follows: