Agenda to Cover Key Corporate Changes
SES, Société Anonyme, plans an extraordinary general meeting (EGM) of shareholders on 17th June 2026 at 3:00 p.m. CET at the company’s registered office in Château de Betzdorf, Luxembourg.
On the agenda is a proposal to cancel shares bought through a buy-back programme, leading to a share capital reduction of EUR 44,910,780. This involves cancelling over 35 million shares held by SES Astra, which includes 23,952,416 class A shares and 11,976,208 class B shares.
Indemnification provisions for the company’s board of directors and executive committee will be considered. These provisions will be added to article 9 of the company’s articles of association.
The board will gain discretion in scheduling annual general meetings. Meetings can occur within six months following the end of the financial year, amending article 19 of the articles of association.
Decisions regarding the location of annual and other general meetings will be made, amending article 20. Revisions to the convening notice requirements for general meetings will specify publication obligations and amend article 21.
Introducing a hybrid mode for general meetings will add a new paragraph to article 22. This ensures flexibility in shareholder participation, especially in response to evolving business environments.
Shareholders must register by 3rd June 2026 to attend. Fiduciary Depositary Receipts (FDR) holders can convert their FDRs into A-shares without charge for up to 10,000 FDRs until 3rd June 2026.
Voting instructions are due by 15th June 2026 to ensure participation. SES advises voting in favour of the agenda items, except for the miscellaneous section which will not require a vote.
Shareholders owning at least 5% of SES’s capital have the right to propose additional agenda items, with submissions due by 26th May 2026. Revised agendas will be published by 2nd June 2026.
The cancellation of shares is in accordance with article 450-5 of the law of 10 August 1915 on commercial companies, as amended. This legal framework ensures compliance and proper management of the company’s share capital.
