Ubisoft: the Guillemot / Tencent concert rose 25%











Photo credit © Ubisoft


(Boursier.com) — By letter received on January 11, 2023, supplemented by a letter received on January 12, the concert composed of the Guillemot family group and the Hong Kong company Tencent Mobility Limited declared to the AMF, at title of regularization, having crossed upwards, on December 20, 2022, the threshold of 25% of the capital of the public limited company Ubisoft and jointly hold, on that date, 31,430,617 Ubisoft shares representing 40,079,149 voting rights, i.e. 25.04% of the capital and 29.38% of the voting rights. This crossing of thresholds results from an acquisition of Ubisoft shares on the market by Tencent Mobility Limited.

Tencent Mobility Limited has specified that it holds, pursuant to Article 223-14 III, 1o of the General Regulations, 235 bonds convertible or exchangeable into new or existing shares (Océanes) which may be exercised at any time since December 26, 2022. up to and including the 7th business day preceding November 15, 2028 or, where applicable, the date of early redemption and which may give right to 595,595 Ubisoft shares at a unit price of 39.4563 euros.

The concert specified that it held, as of January 11, 2023, 31,848,449 Ubisoft shares representing 40,496,981 voting rights, i.e. 25.37% of the capital and 29.68% of the voting rights of this company.

The members of the concert indicate that the declared threshold crossing results from the acquisition on the market of Ubisoft shares by Tencent Mobility Limited, financed by its own cash. Members of the expanded gig are “planning to continue shopping.” The concert does not plan to cross the threshold of 29.9% of the capital and voting rights and does not intend to take control of Ubisoft. The concert supports the strategy currently being implemented by Ubisoft.


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