Ubisoft 2007 Annual Report Download - page 130

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UBISOFT • FINANCIAL REPORT 2008
Date of the meeting 07/04/2007
Date of Board Meeting 10/02/2007 03/17/2008
Total number of shares granted(1) 116,750 61,000 (2)
- Of which, to corporate officers 0 0
- Of which, to top ten employee beneficiaries 41,000 55,000
Number of beneficiaries 69 12
Definitive vesting date 10/02/2011 03/16/2012 03/16/2012
Date transferable 10/03/2011 03/17/2014(2) 03/17/2012
Grant cancelled between grant date and 03/31/2008 4,750 0
Number of shares that could still be granted as of 03/31/2008 112,000 61,000
(1) Subject to individual performance conditions.
(2) Four-year vesting period plus a two-year lock-in for French beneficiaries.
4.2.2.7 Bonus share grants
Using the authorization of the Combined Ordinary and Extraordinary General Shareholders' Meeting of July 4, 2007 voted
under the 20th Resolution relating to allotment of shares free of charge to company or Group emloyees, the Board of
Directors resolved to set up two bonus share grant plans for specific employees. No bonus share grant for corporate offi-
cers was authorized over the past fiscal year.
The terms of these plans are as follows:
4.2.2.8 Employee shareholders under the FCPE
(company mutual fund)
As of March 31, 2008, employees held 363,861 shares, or
0.787% of the share capital, via the “FCPE Ubi actions”.
The Combined Ordinary and Extraordinary General
Shareholders' Meeting of September 25, 2006 delibera-
ting as an extraordinary meeting authorized the Board of
Directors to, as it sees fit, carry out a capital increase
reserved for employees in France up to a limit of 1% of the
total number of shares in the share capital at the time of
its use by the Board of Directors, in particular via an FCPE.
The Board of Directors used this authorization once during
the fiscal year ended March 31, 2008 and has done so once
again since the end of the aforementioned fiscal year (see
4.2.2.4).
4.2.2.9 Securities not representing capital
None
4.2.2.10 Vesting right or requirements associated
with subscribed capital not paid up
None
4.2.2.11 Option or unconditional agreement over
a Group member
None
4.2.2.12 Identification of security holders
Article 5 of the Articles of Association authorizes the
Company to carry out a security holder identification pro-
cedure.