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Ubisoft convened its combined general meeting for shareholders at the end of last week, and investors expressed huge support for its overall management and future strategy, the publisher has announced.
Chaired by Yves Guillemot, the quorum was set at 82.67 per cent (up from 76.54 per cent in 2016), and shareholders approved all of the ordinary resolutions set out on the agenda. These included the renewal of board of directors positions for Didier Crespel, Laurence Hubert-Moy, Christian Guillemot, Claude Guillemot and Michel Guillemot.
Shareholders also approved the resolutions to appoint two new independent directors, Corinne Fernandez-Handelsman and Virginie Haas, to the board, taking the number of independent directors to six. This now means the board has a majority of independent directors, with six out of eleven.
Likewise, shareholders approved the proposed extraordinary resolutions (which require more than two thirds of the overall vote). This included the possibility for employees to participate in capital increases upon the decision of the board of directors.
They rejected, however, the extraordinary resolution to grant free shares to employees. This was also rejected in 2016 due to the abstention of Vivendi.
Yves Guillemot, Chairman and CEO of Ubisoft, said: We are delighted with the massive support of shareholders, which strengthens our determination and ability to defend the interests of all shareholders, and to pursue our strategy of growth and value creation. Ubisoft consolidates its position in the industry among the world’s leading video game and entertainment companies.”
