STATEMENT FROM GUILLEMOT BROTHERS LTD
London, June 20, 2019 - Following its recent sales of Ubisoft shares, Guillemot Brothers Ltd made the following statement.
In 2016 and 2017, in order to safeguard Ubisoft’s independence, Guillemot Brothers Ltd acquired Ubisoft shares directly on the market and those purchases were financed by credit lines. The sale of a total of 680,000 shares that occurred in May and June 2019 is part of Guillemot Brothers Ltd’s reimbursement plan. The sale is not related to margin call obligations and no other financing instruments of Guillemot Brothers Ltd are impacted by margin calls.
Up to 700,000 additional shares representing approximately 0.6% of Ubisoft’s capital could be sold in 2019 and would serve the same purpose.
The Guillemot family intends to remain a long-term reference shareholder and a strong supporter of Ubisoft’s strategy to continue growing top line and profitability in the coming years.
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