Ubisoft launches a new employee shareholding operation

Core Viewpoint - Ubisoft Entertainment S.A. has announced the launch of a new employee shareholding operation aimed at strengthening employee ownership and aligning employees more closely with the company's development and future performance [2][4]. Group 1: Offer Details - The Offer includes reserved share capital increases for employees participating in group savings plans and those outside of these plans, with the Board of Directors delegating implementation powers to the CEO [5]. - The Offer is available to employees in eighteen jurisdictions, including France, the United States, and several European and Asian countries, provided they have at least three months of seniority [6]. - The maximum number of shares to be issued under the Offer is set at 2,000,000, representing approximately 1.53% of the company's share capital as of February 28, 2025 [10][11]. Group 2: Financial Terms - The subscription price for shares will be based on the average of the twenty daily volume-weighted average prices (VWAP) prior to the Board's decision, with a 15% discount applied [10]. - Shares subscribed will be subject to a five-year lock-up period, with the expected completion date of the Offer on September 24, 2025 [9][12]. - The Offer includes two formulas for subscription: a leverage formula through a mutual fund and a direct subscription option with stock appreciation rights [8]. Group 3: Timetable and Conditions - The provisional timetable includes a reservation period from June 19 to July 7, 2025, and a subscription/revocation period from August 14 to August 26, 2025 [12]. - The Offer may be postponed or canceled at the discretion of the Board or CEO if deemed necessary [13]. - Shares offered are ordinary shares listed on Euronext Paris, eligible for the Deferred Settlement Service [14].