SIGNATURE BY GUILLEMOT BROTHERS LIMITED OF A NEW EXTENSION TO AN AGREEMENT FOR UBISOFT ENTERTAINMENT SA SHARES PURCHASE
May 16 2024 - 12:10PM
SIGNATURE BY GUILLEMOT BROTHERS LIMITED OF A NEW EXTENSION TO AN
AGREEMENT FOR UBISOFT ENTERTAINMENT SA SHARES PURCHASE
FINANCIAL RELEASE
SIGNATURE BY GUILLEMOT BROTHERS LIMITED
OF A NEW EXTENSION TO AN AGREEMENT FOR UBISOFT ENTERTAINMENT SA
SHARES PURCHASE
London, May 16, 2024
– Guillemot Brothers Limited announces that
Guillemot Brothers Limited and a bank have implemented today an
extension to an agreement originally dated September 1, 2017 and
initially relating to the acquisition by Guillemot Brothers Limited
of 2,000,016 Ubisoft Entertainment SA shares.
The above-mentioned agreement (as amended)
contemplates in particular the financing by such bank of the
acquisition of the initial shares of Ubisoft Entertainment SA by
Guillemot Brothers Limited, and the entry into related extended
hedging agreements, for a period now extended until on or around
September 19, 2025. Within this framework, Guillemot Brothers
Limited has agreed to a call option whereby Guillemot Brothers
Limited has agreed to sell to the bank the Ubisoft Entertainment SA
shares subject to such financing and the bank has agreed to a put
option whereby the bank has agreed to purchase the shares from
Guillemot Brothers Limited. These call and put options are
exercisable under certain conditions as provided in such agreement,
at the maturity date of the previously mentioned financing, and
will be settled either in cash or in shares, at the election of
Guillemot Brothers Limited.
The underlying shares under these agreements are
pledged to the benefit of the bank which may dispose of them
subject to restituting them to Guillemot Brothers Limited under
certain conditions provided in the related share pledge
agreement.
- SIGNATURE BY GUILLEMOT BROTHERS LIMITED OF A NEW EXTENSION TO
AN AGREEMENT FOR UBISOFT ENTERTAINMENT SA SHARES PURCHASE