JPMorgan Chase's Indirect Stake in Ubisoft Surpasses 10%

MT Newswires Live11-13 22:10

JPMorgan Chase's (JPM) indirect ownership in video game publisher Ubisoft Entertainment has risen above 10%, French financial regulatory authority Autorite des Marches Financiers said Friday, according to a Google translation of the announcement.

The banking giant now indirectly holds 13.94 million Ubisoft shares, representing 10.03% of Ubisoft capital and 9.23% of its voting rights, the regulator said.

The threshold crossing resulted from an acquisition of Ubisoft shares on the market and an increase in the number of shares counted toward JPMorgan's holding under French disclosure rules.

The regulator said JPMorgan's reported holding includes 9,914 Ubisoft shares under a right-of-use contract, 252,841 bonds convertible or exchangeable into new or existing shares, and 73,497 additional such bonds, as well as shares attributed through options, equity swaps and ADR-related contracts.

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