SIGNATURE BY GUILLEMOT BROTHERS LIMITED OF AN EXTENSION OF A PURCHASE AGREEMENT FOR UBISOFT ENTERTAINMENT SA SHARES

Guillemot brothers

FINANCIAL RELEASE

Download the press release

SIGNATURE BY GUILLEMOT BROTHERS LIMITED OF AN EXTENSION OF A PURCHASE AGREEMENT FOR UBISOFT ENTERTAINMENT SA SHARES

London, May 12and2022 – Guillemot Brothers Limited announces that Guillemot Brothers Limited and a bank have implemented today an extension of an agreement initially dated September 1, 2017 and initially relating to the acquisition by Guillemot Brothers Limited of 2,000,016 Ubisoft Entertainment SA shares .

The aforementioned agreement (as amended) notably provides for the financing by this bank of the acquisition of the initial shares of Ubisoft Entertainment SA by Guillemot Brothers Limited, and the conclusion of extended hedging agreements relating thereto, for a now extended period. until or around September 19, 2024. In this context, Guillemot Brothers Limited granted a call option whereby Guillemot Brothers Limited undertook to sell the Ubisoft Entertainment SA shares covered by this financing to the bank. and the bank granted a put option whereby the bank agreed to purchase the shares of Guillemot Brothers Limited. These call and put options are exercisable under certain conditions provided for in this agreement, on the expiry of the financing mentioned above, and will be settled either in cash or in shares, at the option of Guillemot Brothers Limited.

The financed shares are pledged in favor of the bank, which may borrow them from Guillemot Brothers Limited under certain conditions provided for in the related pledge agreement.

Attachment

Comments are closed.