Ubisoft Launches Employee Share Ownership Plan with a 15% Discount in 15 Countries
Ubisoft announced on Tuesday the launch of a new employee share ownership plan aimed at group employees across fifteen jurisdictions. This initiative is designed to enhance employee involvement in the future performance of the group by allowing them to purchase shares at a 15% discount.
An Offer Reserved for Employees in Fifteen Countries
The offer targets employees of the Ubisoft group's companies and branches operating in Bulgaria, Canada, China, Finland, France, Germany, India, Italy, the Netherlands, Romania, Singapore, Spain, Sweden, the United Kingdom, and the United States. Employees must have a minimum of three months of service, continuous or not, between January 1, 2025, and the end of the subscription period. Retired employees from French companies who have assets in the group savings plan (PEG) are also eligible. The group reserves the right not to implement the offer in any given jurisdiction if legal, tax, or practical constraints require it.
Two Subscription Formulas Depending on Location
Employees can subscribe using two methods: a subscription via a corporate mutual fund (FCPE) with a leverage formula, or a direct share subscription accompanied by stock appreciation rights (SAR), depending on the regulatory and tax constraints applicable in each country. The subscription price corresponds to the average of the twenty volume-weighted average prices (VWAP) preceding the setting of the offer schedule, reduced by a 15% discount and rounded up to the nearest cent. The total cap has been set at 2,694,712 shares, which is about 2% of the share capital based on the 134,735,648 existing shares as of February 28, 2026. This envelope is divided between 1,650,002 shares for the FCPE offer (1.22% of the reference) and 1,044,710 shares for the Shares + SAR offer (0.78% of the reference).
A Five-Year Lock-Up Period with Early Release Clauses
The shares subscribed by employees are locked for a period of five years from the effective date of the operation scheduled for September 17, 2026. However, mechanisms for early release are provided under the French labor code, and adapted to local legislation in other jurisdictions, particularly in terms of tax. The provisional schedule includes a reservation period from June 16 to July 2, 2026, inclusive, a price setting on August 11, 2026, a subscription period from August 13 to 20, 2026, inclusive, a capital increase on September 17, 2026, and the lifting of the lock-up on September 16, 2031, at midnight. These dates remain indicative and are subject to change or adaptation according to legal or operational constraints.
