Buyback Transaction Details and Compliance
SES has initiated a share buyback transaction through the acquisition of fiduciary depositary receipts (FDRs) to meet its obligations under the Equity Based Compensation Plan (EBCP). This move is expected to enhance shareholder value and align with the company’s compensation strategy.
Luxembourg-based SES plans to repurchase up to 2,967,519 FDRs at market price, with a total expenditure not exceeding EUR 31,158,949.50. This action is based on Article 430-15(3) of the Luxembourg commercial law.
Meeting regulatory requirements, the buyback will proceed in compliance with the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (EU) 2016/1052. Société Generale will act as the independent intermediary for the process.
Buyback Transaction Schedule and Market Conditions
SES aims to complete the buyback before the next annual general meeting of shareholders unless the maximum number of FDRs is acquired sooner. The timing will be influenced by prevailing market conditions.
Under this buyback, which was authorised during the shareholder meeting on April 2, 2026, these FDRs will not count towards the 10% limit set by shareholders. This ensures compliance with existing shareholder agreements.
SES designs space solutions that connect people globally, offering integrated multi-orbit satellites and a terrestrial network. The company is listed on the Paris and Luxembourg stock exchanges under the ticker SESG.
Following the acquisition of Intelsat, SES now offers more than 100 years of combined industry leadership. This merger has strengthened its position in the global space industry, with a focus on innovation and connectivity.
Steven Lott, from SES Communications, can be contacted for further information at +352 710 725 500. The company’s recent strategic moves continue to drive significant impact in the global space ecosystem. SES remains committed to delivering resilient and seamless connectivity solutions worldwide.
