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Ubisoft Entertainment — M&A Activity 2021
Mar 19, 2021
1724_iss_2021-03-19_5c4d26e1-004b-4e0a-acce-9115a2e513b0.pdf
M&A Activity
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FINANCIAL RELEASE
Signature by Guillemot Brothers Ltd of an extension to forward agreements on Ubisoft Entertainment SA shares
London, March 19, 2021 – Guillemot Brothers Ltd announces that it entered today into an extension of a forward agreement and a collar agreement entered into with Crédit Agricole Corporate and Investment Bank ("CACIB") on March 20, 2018.
These agreements are to be settled at maturity now extended to March 2024 or by anticipation (at Guillemot Brothers Ltd's initiative), either in shares or in cash at Guillemot Brothers Ltd's initiative, and will relate to a maximum number of 3,030,303 shares.
The underlying shares under these agreements are pledged to the benefit of CACIB which may dispose of them subject to restituting them to Guillemot Brothers Ltd under certain conditions provided in the related share pledge agreement.