Ubisoft 2014 Annual Report Download - page 65
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Management Report
2014
60
3.3 INFORMATION ABOUT THE CAPITAL
3.3.1 SHARE CAPITAL AS AT MARCH 31, 2014
As at March 31, 2014, the number of shares in circulation totaled 105,806,973 fully paid-up shares
with a par value of €0.0775 each, for a share capital of €8,200,040.41.
The following table outlines the number of shares created between April 1, 2013, and March 31, 2014:
At April 1, 2013
96,013,433 shares
Exercise of subscription options
954,339 shares
Bonus share grants
349,594 shares
Group savings plan (PEG)
95,415 shares
Share subscription warrants
8,297,605 shares
Increase in share capital reserved
96,587 shares
At March 31, 2014
105,806,973 shares
3.3.2 POTENTIAL CAPITAL AS AT MARCH 31, 2014
Bonus share grants (see section 3.3.4)
Number of
potential
shares
Potential
dilution
Attendance and performance conditions
2,883,367
2.65%
Share subscription options (see section 3.3.5)
Number of
potential
shares
Potential
dilution
Open and “in the market”
(1)
Plans 11, 12, 21, 22, 23, 24 and 25
3,860,067
3.52%
Open and “in or out of the market”
(2) (3)
Plans 11, 12, 19, 20, 21, 22, 23, 24 and 25
6,579,548
5.85%
Open and non-open
and “in or out of the market”
(2) (3)
Plans 11, 12, 19, 20, 21, 22, 23, 24, 25, 26
and 27
9,859,628
8.52%
(4)
(1)
Based on the lower closing share price at March 31, 2014: €13
(2)
Based on the higher or lower closing share price at March 31, 2014: €13
(3)
Including plans 19 and 20 expiring in May and June 2014 and “out of the market”
(4)
Excluding plans 19 and 20 expiring in May and June 2014: 6.32% (7,140,147 potential shares)
It should be noted that the potential dilution with respect to subscription options, at May 15, 2014,
the date of this report, and on the basis of the number of shares in circulation as at April 30, 2014,
is 6.27% due to the expiry of plan 19 on May 11, 2014.
Share issuance warrants (see section 3.3.7)
(4)
Number
of
potential
shares
Potential
dilution
Number of share issuance warrants in
circulation
9,400,000
9,400,000
8.16%
(4)
Equity line. Share issuance warrants exercisable at the discretion of the Company allowing to carry out successive
capital increases for a maximum amount of €728,500.