Ubisoft 2013 Annual Report Download - page 165

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Financial Statements
2013
160
Group savings scheme
Ubisoft also offers Group savings schemes, which allow workers in France and abroad to acquire Ubisoft
shares as part of reserved capital increases. Workers acquire these shares with a maximum discount of 15%
versus the average opening price over the 20 trading days prior to the Board of Directors’ meeting that
approved the capital increase.
The lock-in period is five years for French employees.
03/31/13
03/31/12
Grant date
07/19/12
07/18/11
Subscription
price (in euros)
4.48
6.12
Number of shares subscribed
56,421
50,466
Share subscription warrants
Share subscription warrants dated April 10, 2012
Initial number of warrants: 95,090,002
Ratio for exercising warrants: 11 warrants to subscribe for one new share
Period for exercising warrants: From April 10, 2012, to October 10, 2013
Strike price: €7
567,834 warrants were canceled and 824,912 subscribed during the period.
At March 31, 2013, there were 93,697,256 remaining share subscription warrants not yet exercised.
Own shares
At March 31, 2013, the Company held 511,523 own shares.
Regulated provisions
Details of regulated provisions are given in note 3.3 Statement of changes in equity.
Note 14. Provisions in the balance sheet
At 03/31/12
Provisions
for the
period
Reversals
for the
period
Reclassificati
ons
At 03/31/13
Provisions for risks
For foreign exchange risks
1,518
44
1,518
-
44
For subsidiary
risks
1,407
1,146
71
-
2,482
For lawsuits
970
-
970
-
-
Provisions for impairment
On equity investments
1,126
1
74
-
1,053
On current account advances
-
222
-
-
222
On other non
-current investments
-
-
-
-
-
TOTAL at 03/31/13
5,021
1,413
2,633
-
3,801
TOTAL at 03/31/12
3,101
3,205
1,985
700
5,021
Details of the changes in provisions on equity investments are provided in note 3. Non-current
financial assets.