Ubisoft 2008 Annual Report Download - page 93

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UBISOFT ANNUAL REPORT 2009
ma n a G e m e n t r e p o r t 01
1.3.2.1.5 Rights attached to shares (Articles 7 and 8 of the Articles of Association)
Each share shall give rights to ownership of the corporate assets and the liquidating dividend equal to the proportion of the share
capital that it represents.
Whenever it is necessary to own several shares in order to exercise a right of any kind, especially in the event of the exchange,
consolidation or allocation of shares, or following a capital increase or reduction of whatever form, regardless of the terms and
conditions thereof or subsequent to a merger or any other transaction, shareholders having fewer than the required number of
shares may only exercise their rights on condition they make it their own business to group together and, if applicable, purchase
or sell the required number of shares or fractionable shares or rights.
A double voting right, over that granted to other shares having regard to the proportion of the share capital they represent,
is granted to all fully paid up shares that can be shown to have been registered in the name of the same shareholder for at least
two years.
This right is also granted from issue to registered shares granted free to a shareholder by virtue of existing shares for which the
shareholder already has this right in the case of capital increases via the capitalisation of reserves, earnings or issue premiums.
It should be noted that Article L.225-124 of the French Commercial Code provides that this double voting right is automatically
revoked for any share that has been converted to bearer form or for which ownership is transferred, excluding any transfer of
ownership between registered accounts as a result of inheritance or family gift or liquidation of marital property.
1.3.2.1.6 Amendments to the Articles of Association
Amendments to the Articles of Association are made by decision of the Extraordinary General Meeting.
1.3.2.2 Capital
1.3.2.2.1 Subscribed capital
The amount of share capital as of March 31, 2009 was €7,273,866.82 divided into 93,856,346 shares.
1.3.2.2.2 Reconciliation of the number of shares in circulation at the beginning and end of the scal year
AS OF APRIL 1, 2008 46,224,592
Option exercises 367,799
Group/Company savings plans/Capital increase reserved for employees 109,564
Sub-total (before two-for-one stock split) (1) 46,701,955
Sub-total (after two-for-one stock split) (1) 93,403,910
Option exercises 452,436
As of March 31, 2009 93,856,346
(1) Two-for-one stock split taking effect November 14, 2008.