Ubisoft 2016 Annual Report Download - page 196

Information ontheCompany anditscapital
6Share capital andstock ownership
Shares concerned: ordinary shares in Ubisoft Entertainment SA,
listed on Euronext Paris, division A, ISIN code FR0000054470.
Maximum percentage of capital: 10% of the total number of
shares comprising the share capital on the buyback date, i.e. as a
guide, based on the number of outstanding shares as at April 30,
2016 (112,769,518), taking into account the number of shares held at
May 12, 2016 (3,546,907 shares representing 3.15% of the capital):
7,730,044 or 6.85%.
Maximum purchase price: €60, or a maximum of €676,617,060
based on the share capital as at April 30, 2016.
Objectives:
♦ to ensure the liquidity and activity of Ubisoft Entertainment SA
stock using an investment services provider acting independently
under a liquidity agreement in accordance with the code of ethics
recognized by the AMF;
♦
to meet obligations resulting from stock option plans, free shares
allocation plans or any other allocations of shares to Group
employees and/or corporate offi cers, or for the benefi t of some
of them, particularly in the context of a company savings plan
or profi t-sharing scheme;
♦
to retain shares for delivery at a later date in exchange or as
payment for any future acquisitions, subject to a limit of 5% of
the existing capital;
♦
to deliver shares upon the exercise of rights attached to debt
securities giving access, by any means, immediately and/or at a
later date, to the Company’s share capital through redemption,
conversion, exchange, presentation of a warrant or any other
means;
♦
to cancel in whole or in part any repurchased shares as provided
by law, subject to the authorization from the Extraordinary
General Meeting;
♦
to implement any market practice that is or may come to be
recognized by law or the Autorité des Marchés Financiers.
Duration of authorization: 18 months from the General Meeting
of September 29, 2016.
SUMMARY STATEMENTS OF TRANSACTIONS COMPLETED FROM MAY12, 2015* TO MAY12, 2016, THE DATE OF THIS REPORT
Percentage of own shares held directly and indirectly 3.16%
Number of shares canceled over the previous 24 months N/A
Number of shares in portfolio(1)
Liquidity agreements 58,187
Coverage of purchased stock options 506
Cancellation 1,248,214
Acquisitions 2,240,000
Portfolio carrying amount €80,816,205.52
Portfolio market value(2) €98,604,014.60
(1) 400,000shares were purchased on the market (assigned to employee shareholdings) under the sixth resolution of the General Meeting of June30, 2011, and the balance
under the liquidity agreement with Exane BNP Paribas
(2) Closing price on May12, 2016: €27.8
*
In accordance with the provisions of AMF directive 2005-06, the period in question starts on the day following the date on which the statement of the previous program was drawn up
Total fl ows* Positions open as at 5/12/16
Purchases Sales T ransfers
Open buy positions Open sell positions
Call options
p urchased Forward purchases Call options s old Forward sales
Number of shares 4,555,333 1,399,477
N/A
Average maximum term(1) --
Average transaction price €22.65 €18.75
Average strike price - -
Amounts €103,164,428 €26,244,373
(1) Validity of the authorization granted by the General Meeting of September23, 2015: until March22, 2017, subject to early termination if the General Meeting approves a similar
resolution before the expiry date
* Total gross fl ows include spot buying and selling as well as options and futures exercised or at maturity
- Registration Document 2016
194