Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 220

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 220
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 outstanding share to its common shareholders of record at the close of business on January 5, 2024, totaling $127.5 million. Additional payments were made and will continue to be made to holders of restricted stock units pursuant to the terms of the relevant award agreements upon vesting of the underlying restricted stock units. Refer to Note 9—Shareholders’ Equity of the Intelsat audited financial statements for the year ended December 31, 2024 included elsewhere in this prospectus. In June 2024, Intelsat’s board of directors authorized and approved, subject to shareholder approval, and in September 2024, the shareholders approved, the distribution of $500.0 million out of Intelsat’s share premium to the shareholders of Intelsat in proportion to their holdings of shares of Intelsat and the holders of restricted stock units pursuant to the terms of the relevant award agreements, on the relevant record date. On September 27, 2024, Intelsat paid $7.07 per outstanding share to its common shareholders of record at the close of business on September 17, 2024, totaling $481.6 million. Additional payments will be made to holders of restricted stock units pursuant to the terms of the relevant award agreements upon vesting of the underlying restricted stock units. Refer to Note 9—Shareholders’ Equity of the Intelsat audited financial statements for the year ended December 31, 2024 included elsewhere in this prospectus. Additionally, in September 2023, Intelsat’s board of directors authorized and approved, subject to shareholder approval, and in December 2023, the shareholders approved a share repurchase program authorizing for a three year period the repurchase of up to 20.0 million of Intelsat’s common shares, up to $200.0 million aggregate amount for which shares may be repurchased (the “Share Repurchase Program”). During the year ended December 31, 2023, Intelsat repurchased 220,000 common shares for $6.5 million at an average price per share of $29.75. Intelsat did not repurchase any common shares under the Share Repurchase Program during the year ended December 31, 2024. As of December 31, 2024, approximately $193.5 million remained available under the Share Repurchase Program. The Share Repurchase Program does not obligate Intelsat to acquire a minimum amount of shares. Refer to Note