Ubisoft 2009 Annual Report Download - page 49

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Allocation of treasury stock by objective
The own shares held by the Company were all purchased under the liquidity agreement with Exane BNP
PARIBAS acting to ensure trading liquidity and stability of the share price, as well as to avoid price lags
unjustified by market trends.
1.3.2.2.3.2 Liquidity agreements
Since January 2, 2006, the Company has set Exane BNP PARIBAS the task of implementing a liquidity
agreement in line with the code of ethics of the AMAFI (previously AFEI) recognized by the AMF, with a one-
year term that is tacitly renewable. The Company allocated €1.5 million for the implementation of this
agreement over the last financial year.
1.3.2.2.3.3 Description of the share buyback program submitted for the approval of
the Combined General Meeting of July 2, 2010
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Pursuant to Articles 241-2 and 241-3 of the AMF’s general regulations, and to European regulation
2273/2003 of December 22, 2003, the Company describes below the share buyback program that will be
submitted for the approval of the Combined General Meeting of July 2, 2010.
Shares concerned: ordinary shares in Ubisoft Entertainment SA, listed on Euronext Paris, division A, ISIN
code FR0000054470
Maximum percentage of capital: 10 % of the total number of shares making up the capital on the buyback
date, in other words – and based for guidance on the number of shares in circulation at April 30, 2010, taking
into account the number of shares held at May 18, 2010 – 111,325 shares representing 0.118 % of the
capital: 9,334,286 or 9.882 %
Maximum purchase price: €60, which, based on the capital at April 30, 2010, equates to a maximum
amount of €566,736,660.
Objectives:
- To ensure the liquidity and market-making for the Ubisoft Entertainment SA stock via an investment
service provider acting independently in accordance with the code of ethics recognized by the AMF;
- To hand over shares upon the exercise of rights attached to securities giving entitlement by any means,
whether immediately or over time, to the Company's share capital;
- Granting shares to employees and corporate officers of the Ubisoft Group under any arrangement
authorized by law and, in particular, via a company profit-sharing scheme, any company savings scheme,
any bonus share grant plan, or any stock option plan for some or all of the Group’s employees or corporate
officers;
- To retain shares for delivery at a later date in exchange or as payment for future acquisitions, up to a limit
of 5 % of the existing capital;
- To cancel shares on the condition that the Shareholders’ Meeting of July 2, 2010 adopts the corresponding
resolution;
- Implementing any market practice that is or may come to be recognized by law or the AMF.
Duration of authorization: 18 months from the Shareholders’ Meeting of July 2, 2010
Summary statements of transactions completed from July 11, 2009 (*) to May 18, 2010, the date of this
report
Percentage of own shares held directly and indirectly 0.118 %
Number of shares canceled over the previous 24 months N/A
Number of shares in portfolio
(
a
)
 111,325
Portfolio carrying amount€1,043,109.87
Portfolio market value
(b)
€978,546.75
a) All shares were purchased under the liquidity agreement with Exane BNP PARIBAS.
(b) Closing price on May 18, 2010: €8.79
(*) In accordance with the provisions of AMF directive 2005-06, the period concerned starts on the day following the date on which the
statement of the previous program was drawn up.