March 20 (Reuters) - UBISOFT:
* REG-UBISOFT ENTERTAINMENT : UBISOFT REACHES AGREEMENT WITH VIVENDI FOR ITS FULL EXIT FROM UBISOFT’S SHARE CAPITAL
* VIVENDI TO SELL ITS ENTIRE STAKE IN UBISOFT REPRESENTING 27.3% OF UBISOFT’S SHARE CAPITAL
* ALL TRANSACTIONS ARE REALIZED AT PRICE OF 66 EUROS PER SHARE
* UBISOFT CONFIRMS ITS FINANCIAL TARGETS FOR 2017-18 AND 2018-19
* TRANSACTION INCLUDES AN INVESTMENT BY TWO NEW LONG-TERM INVESTORS
* SHARE BUY-BACK BY UBISOFT OF SHARES OWNED BY VIVENDI, ACCRETIVE TO ALL UBISOFT SHAREHOLDERS
* VIVENDI WILL NO LONGER HOLD ANY SHARES IN CO, HAS COMMITTED NOT TO ACQUIRE ANY SHARES IN UBISOFT FOR 5 YEARS
* ACQUISITION OF SHARES BY GUILLEMOT BROTHERS SE AND AN ACCELERATED BOOKBUILDING WITH INSTITUTIONAL INVESTORS
* AS PART OF TRANSACTION, UBISOFT AND TENCENT HAVE ALSO ANNOUNCED TODAY A STRATEGIC PARTNERSHIP
* PARTNERSHIP WITH TENCENT WILL SIGNIFICANTLY ACCELERATE REACH OF UBISOFT FRANCHISES IN CHINA IN COMING YRS
* ONTARIO TEACHERS’ HAS COMMITTED TO ACQUIRE 3,787,878 UBISOFT SHARES (3.4% OF CAPITAL)
* TENCENT HAS COMMITTED TO ACQUIRE 5,591,469 UBISOFT SHARES (5.0% OF CAPITAL)
* UBISOFT AGREED TO BUY BACK UP TO 9,090,909 OF ITS OWN SHARES (8.1% OF CAPITAL) FROM VIVENDI
* REMAINDER OF VIVENDI’S STAKE, 8.0% OF CAPITAL, WILL BE SOLD AT EUR 66 PER SHARE THROUGH AN ACCELERATED BOOKBUILDING
* J.P. MORGAN SECURITIES PLC IS ACTING AS SOLE GLOBAL COORDINATOR ON ACCELERATED BOOKBUILDING
* END OF BOOKBUILDING EXPECTED ON MARCH 21, 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)