Eutelsat to Launch Limited Share Repurchase Programme for the Purposes of Corporate Officer Long-term Compensation Schemes

PARIS--(BUSINESS WIRE)--Regulatory News:

The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL "Eutelsat") has approved a repurchase programme of the company’s ordinary shares for a maximum amount of 381 804 euros and a maximum number of 58 739 shares, representing less than 5% of Eutelsat’s share capital.

The purpose of the programme is to acquire shares in connection with maturing share plans under the long-term compensation schemes enjoyed by certain corporate officers. The programme will be completed by the end of September 2023.

The programme will be implemented in accordance with Article 5 of EU Regulation 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the “Market Abuse Regulation”), and pursuant to the authorisations granted by the General Meeting of Shareholders of 10 November 2022.

It will be executed by BNP PARIBAS EXANE (the “Broker”) acting as intermediary on the multilateral trading facilities (MTFs) on which Eutelsat shares are traded and on the regulated market of Euronext Paris.

About Eutelsat Communications

Founded in 1977, Eutelsat Communications is one of the world's leading satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across video, fixed connectivity, mobile connectivity, and government services markets to communicate effectively to their customers, irrespective of their location. Around 6,800 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Committed to promoting all facets of sustainable development across its business activities, Eutelsat leverages its in-orbit resources to help bridge the digital divide while maintaining a safe and uncluttered space environment. As an attractive and socially responsible employer, Eutelsat assembles over 1,100 men and women from 50 countries who are dedicated to delivering the highest quality of service. Eutelsat Communications is listed on the Euronext Paris Stock Exchange (ticker: ETL).

For more about Eutelsat go to eutelsat.com