-

SES Announces Completion of €100m Open Market Repurchase of its NC625 Securities

LUXEMBOURG--(BUSINESS WIRE)--SES S.A. announces it has repurchased in the open market an aggregate amount of €99,978,000 principal amount of its €625,000,000 Deeply Subordinated Fixed Rate Resettable Securities issued on 27 May 2021. In accordance with the terms and conditions of the Securities, the purchased Securities will be cancelled.

Following these transactions, the outstanding principal amount of the Securities is €525,022,000. Payment in relation to the Securities will be made in accordance with the usual procedures of Clearstream, Luxembourg and/or Euroclear.

The success of these transactions reduces SES's outstanding debt obligation, demonstrating SES’s financial flexibility and its strong cash-generation profile.

SES may seek to make further repurchases of its Securities from time to time, subject to market conditions.

This announcement does not constitute or form part of an offer to sell or purchase, or a solicitation of an offer to sell or purchase the Securities or any other securities.

Follow us on:

Twitter | Facebook | YouTube | LinkedIn | Instagram

Read our Blogs >

Visit the Media Gallery >

About SES

SES has a bold vision to deliver amazing experiences everywhere on Earth by distributing the highest quality video content and providing seamless data connectivity services around the world. As a provider of global content and connectivity solutions, SES owns and operates a geosynchronous orbit fleet and medium earth orbit (GEO-MEO) constellation of satellites, offering a combination of global coverage and high performance services. By using its intelligent, cloud-enabled network, SES delivers high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners around the world. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com

Contacts

For further information please contact:
Suzanne Ong
Communications
Tel. +352 710 725 500
suzanne.ong@ses.com

Industry:

SES

BOURSE:SESG
Release Versions
English

Contacts

For further information please contact:
Suzanne Ong
Communications
Tel. +352 710 725 500
suzanne.ong@ses.com

Social Media Profiles
SES on Facebook
SES on Instagram
SES on LinkedIn
SES on X
SES on YouTube
More News From SES

SES Space & Defense Wins BPA to Deliver Flexible Satellite Connections

RESTON, Va.--(BUSINESS WIRE)--SES’ wholly-owned subsidiary, SES Space & Defense, won a five-year Blanket Purchase Agreement (BPA) with the U.S. Space Force’s Space Systems Command to provide reliable and secure managed satellite services. This deal enables the Department of War (DoW) to quickly order global Ku-band connectivity, helping people stay connected and protected, even in the world’s most remote locations. The BPA creates a new, simple way for the military to quickly get strong sat...

SES Announces Results of the Extraordinary General Meeting of Shareholders

LUXEMBOURG--(BUSINESS WIRE)--SES (the “Company”) held an Extraordinary General Meeting (“EGM”) of Shareholders today in Betzdorf, Luxembourg. Following the recommendations made by the Board of Directors of SES, the shareholders have voted in favor of all resolutions. In particular, shareholders approved the cancellation of shares repurchased under the Company’s share buyback program of 2 November 2023, as amended on 2 May 2024, resulting in a corresponding reduction of the Company’s share capit...

SES to conduct share buyback transaction via acquisition of FDRs to meet obligations under its employee incentive programs

LUXEMBOURG--(BUSINESS WIRE)--SES has decided to launch a buyback transaction for shares via acquisition of fiduciary depositary receipts (FDRs) to meet obligations under SES’s Equity Based Compensation Plan (EBCP). These FDRs will be repurchased on the basis of Article 430-15(3) of the law of 10 August 1915 on commercial companies, as amended, and will not be counted towards the 10% limit as authorized during the annual general meeting of shareholders held on April 2, 2026. Under this share buy...
Back to Newsroom