Ubisoft 2016 Annual Report Download - page 190

Information ontheCompany anditscapital
6Share capital andstock ownership
regulations in force. Shareholders may vote by postal form or by
proxy form subject to the requirements of legal and regulatory
provisions.
In accordance with the decision of the Board of Directors published
in the notice of meeting and/or convening notice, shareholders
may participate in shareholders’ General Meetings (by means of
video-conferencing or vote using all means of telecommunication
or remote transmission, including internet), under the conditions
prescribed by the applicable regulations in force.
In the event of such a decision by the Board of Directors, shareholders
may send their proxy forms or postal voting forms, either on paper
or by means of telecommunications or remote transmission, in
compliance with the deadlines applicable under laws and regulations.
When remote transmission is used (including electronic means), the
electronic signature may take the form of a process that meets the
requirements set out in the fi rst sentence of the second paragraph
of Article 1316-4 of the French Civil Code.
Distribution of earnings
(Article16 of the Articles of Association)
Earnings consist of income for the fi nancial year after deduction of
operating expenses, allowances for depreciation and amortization
and provisions. The following are deducted from earnings for the
fi nancial year after deducting any prior-period losses:
♦ amounts to be allocated to reserves in accordance with the law
and the Articles of Association and, in particular, at least 5% to
make up the legal reserve. This allocation is no longer required
once the legal reserve reaches one tenth of the share capital
but resumes if, for any reason, the legal reserve falls below this
percentage; and
♦
any amounts which the General Meeting, on a proposal from
the Board of Directors, deems appropriate to allocate to any
extraordinary or special reserves or to carry forward as retained
earnings.
The balance will be distributed to the shareholders. However, except
in the event of capital reductions, no distribution may be made
to shareholders where the shareholders’ equity is, or would be if
such distribution were to take place, less than the amount of the
capital plus reserves that are non-distributable under the law or
the Articles of Association.
The General Meeting may, in accordance with the provisions of
Article L. 232-18 of the French Commercial Code, propose the
option of payment of the interim or fi nal dividend in new shares
of the Company.
6.2 Share capital andstock ownership
❙ 6.2.1 SHARE CAPITAL
As at March 31, 2016, the number of shares outstanding totaled 112,387,818 fully paid-up shares with a par value of €0.0775 each,
equivalent to share capital of €8,710,055.90.
The following table shows the number of shares created between April 1, 2015, and March 31, 2016:
AT 04/01/15 109,396,612SHARES
Exercise of subscription options 2,549,595shares
Free share grants 128,195shares
Group savings plan (PEG) 134,116shares
Reserved share capital increase 179,300shares
AT 03/31/16 112,387,818SHARES
- Registration Document 2016
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