Ubisoft 2012 Annual Report Download - page 54

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Management Report
2012
49
(6) Establishment of an Equity line: issue of 9.4 million share subscription warrants (BEA) at an issue price of 0.0001 per share exercisable
from March 20, 2012 to March 20, 2014 (with right of renewal for one year) at the discretion of the Company subscribed by Crédit Agricole
Corporate and Investment Bank (accredited investor within the meaning of Article L.411-2 of the Monetary and Financial Code): one BEA to
subscribe to one share of the Company up to an exercise price equal to 95% of the weighted average price during the trading days preceding
the determination: an increase in maximum nominal capital of € 728,500
3.3.2.2 SECURITIES GRANTING ENTITLEMENT TO THE CAPITAL OF THE
COMPANY/POTENTIAL CAPITAL AS AT MARCH 31, 2012
As at March 31, 2012:
the number of subscription options open but not yet exercised was 16,573,169:
taking into consideration only those options considered "on the market" (based on the
closing price of the share at March 31, 2012: 5.458) for which the exercise periods are
open (plans 7, 11, 12) (see table of subscription options for shares), the dilution would be
1.07%, since the options for other plans (13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23 and 24)
have a strike price greater than or equal to the closing share price at March 31, 2012
if all of the options, regardless of the strike price at which they were allocated (i.e. whether
greater or less than the share price), were exercised on March 31, 2012
taking into account the exercise periods open until March 31, 2012, dilution would be
9.06%
without taking open periods of exercise into account, dilution would be 14.84%.
the number of bonus shares granted was 945,030, representing a potential dilution of 0.98%.