UBISOFT ENTERTAINMENT
Ubisoft launches a new employee shareholding operation
UBISOFT ENTERTAINMENT S.A.
Ubisoft - New employee shareholding operation - May 26th, 2020
Ubisoft launches a new employee shareholding operation.
Montreuil-sous-Bois, on May 26, 2020
Ubisoft Entertainment S.A. (Euronext Paris: UBI – ISIN code: FR0000054470) announces the launch of a new employee shareholding plan in France and abroad for the employees of the Ubisoft group (hereinafter the « Offer »).
1. OFFEROR
Ubisoft Entertainment S.A. (hereinafter the « Company ») is a French société anonyme with its registered office at 107, Avenue Henri Fréville, 35200 Rennes, France. The Company is identified at the Trade and Companies Registry under number 335 186 094 RCS Rennes.
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Information regarding the Company is available on its website (www.ubisoft.com) and in particular in the registration document available on this website.
2. REASONS OF THE OFFER
This Offer aims at developing the employee shareholding in order to associate the employees more closely to the Ubisoft group's development and future performance.
3. FRAMEWORK OF THE OFFER
On December 12, 2019 (the « Launch Board »), the Company's Board of directors approved the launch of the Offer consisting of (i) on the one hand, a share purchase plan reserved for members of the Ubisoft group savings plans in accordance with provisions of Article L. 3332-24 of the French Labour Code (hereinafter the « Reserved Share Transfer »), and (ii) on the other hand, a share capital increase reserved for employees outside of the scope of the group savings plans (hereinafter the « Reserved Capital Increase »), under the terms and conditions described below, and subdelegated to the Chairman & Chief Executive Officer (CEO) the powers required for the implementation of the Offer.
On February 13, 2020 (the « Structuring Board »), the Company's Board of directors on the one hand, fixed the maximum overall ceiling applicable to the Offer at 1.85% of the share capital of the Company based on the number of outstanding shares at November 30, 2019, i.e. 120,595,603 shares, as available on the date of the Launch Board and on the other hand, took note of the revised scope on the same date of the Ubisoft group’s companies which can offer to their employees to participate in the Offer.