Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 330

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 330
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 reimbursed EUR 260 million (2022: EUR nil million). These have been presented net in the consolidated statement of cash flows. Note 33—Related parties The state of Luxembourg holds a direct 11.58% voting interest in the Company and two indirect interests, both of 10.88% each, through two state owned banks, Banque et Caisse d’Epargne de l’Etat and Société F-88

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2023 and December 31, 2022 Nationale de Crédit et d’Investissement. These shares constitute the Company’s Class B shares, as described in Note 22. The total remuneration paid to directors for attendance at board and committee meetings in 2023 amounted to EUR 1.2 million (2022: EUR 1.0 million). These amounts are computed on a fixed and variable basis, the variable part being based upon attendance at board and committee meetings. The key management of the Group, defined as the Senior Leadership Team, received compensation as follows:

| € million                                          |     | 2023 |    |     | 2022 |    |
| Remuneration including bonuses and other benefits* |     |      | 10 |     |      |  7 |
| Share-based compensation plans                     |     |      |  1 |     |      |  3 |
| Total                                              |     |      | 11 |     |      | 10 |

| * | 2023 remuneration of SLT members includes EUR 1.6 million of contractual severance 
 payment for departing Senior Leadership Team members                               |

The total outstanding amount in respect of share-based payment instruments allocated to key management as of December 31, 2023 was 3,868,807 (2022: 5,455,577). Note 34—C-bandrepurposing The Group continued to fulfil its obligations under the Federal Communications Commission’s Report and Order and Order of Proposed Modification dated February 28, 2020 (‘the Order’) in connection with the clearing of a 300 MHz band of C-banddownlink spectrum between 3,700 and 4,000 MHz by December 2025 to support the rapid deployment of terrestrial 5G services in the continental United States (‘CONUS’).