Ubisoft 2016 Annual Report Download - page 195

Information ontheCompany anditscapital
6
Share capital andstock ownership
POSITION AT 03/31/16
Percentage of own shares held directly and indirectly 3.25%
Number of shares canceled over the previous 24 months N/A
Number of shares in portfolio(1) 3,647,838
Portfolio carrying amount €80,991,884.77
Portfolio market value(2) €100,680,328.80
(1) Breakdown by objective below
(2) Closing price on March31, 2016: €27.60
ALLOCATION OF TREASURY SHARES BY OBJECTIVE
Liquidity
agreements Employee stock ownership coverage Cancellation Acquisitions
Number of treasury shares 45,800 113,824 1,248,214 2,240,000
By virtue of legal and regulatory provisions, shares acquired using
accepted market practices (liquidity agreements/acquisitions)
may be reallocated to one of the two objectives of EU regulation
No. 2273/2003 of December 22, 2003 (cancellation/coverage)
particularly within the scope of the 2016 Plan; given that the
shares acquired and allocated to the coverage objective can only
be reallocated to the cancellation objective or, be sold (these shares
cannot be allocated to an accepted market practice). Shares allocated
to one accepted market practice cannot be allocated to another
accepted market practice.
BREAKDOWN OF OWN-SHARE PURCHASES AND SALES OVER THE YEAR
(Article L. 225-211 of the French Commercial Code)
NUMBER OF SHARES HELD IN THE COMPANY’S NAME AS AT 03/31/15 402,492
Number of shares acquired over the year 4,530,127
Average price on acquisition €22.35
Number of shares sold over the year 1,284,781
Average price on sale €18.66
Number of shares canceled over the year N/A
Execution fees N/A
NUMBER OF SHARES HELD IN THE COMPANY’S NAME AS AT 03/31/16 3,647,838
Value of shares held in the Company’s name as at 03/31/16(1) €80,991,884.77
Par value of shares held in the Company’s name as at 03/31/16 €282,707.45
Number of shares used over the year 4,530,127
Reallocation taking place over the year N/A
Percentage of capital held as treasury shares as at 03/31/16 3.25%
(1) Measured at purchase price
6.2.7.2 Liquidity agreements
Since January 2, 2006, the Company has instructed Exane BNP
Paribas to implement a liquidity agreement in line with the AMAFI
code of ethics recognized by the Autorité des Marchés Financiers
(AMF), hereinafter the “Agreement,” with a one-year automatically
renewable term.
By virtue of an amendment to the Agreement dated April 5, 2011, the
total fi gure allocated to the Agreement was increased to €1,700,000.
By virtue of an amendment to the Agreement dated October 10,
2014, the total fi gure allocated was reduced to €1,500,000. The
Company allocated this amount for the implementation of this
Agreement over the last fi nancial year.
6.2.7.3 Description of the share buyback
program submitted for the approval
of the Combined General Meeting of
September29, 2016
Pursuant to Articles 241-2 and 241-3 of the AMF General Regulation
and European Regulation (EC) No. 2273/2003 of December 22,
2003, the share buyback program that will be submitted for the
approval of the Combined General Meeting of September 29, 2016
is presented below.
- Registration Document 2016 193