Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 333

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 333
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 million) of income tax was paid in respect of the Accelerated Relocation Payments. As of December 31, 2023, in connection with the operating expenses and capital expenditures above, the Group had other receivables of EUR 350 million (2022: EUR 480 million) related to the C-bandrepurposing project. The Group has been amortizing certain deferred charges in connection with the C-bandrepurposing through to the end of 2023 such that their carrying value is now EUR nil million (December 31, 2022: EUR 5 million). F-90

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

As of December 31, 2023, SES’s other commitments for
C-band repurposing expenditures represent EUR 3 million (2022: EUR 22 million).

Note 35—Subsequent events

Submission of mPOWER Proof-of-Lossfor mPOWER satellites

On February 22, 2024 the Company issued Proof-of-Loss
documentation to its insurers in connection with the first four satellites of its MEO mPOWER constellation. The aggregate amount of the claim being made is USD 472.2 million.

Settlement of EUR 550 million Deeply Subordinated Fixed Rate Resettable Securities

On December 4, 2023 the Company issued a notice of redemption to holders of its EUR 550 million Deeply Subordinated Fixed Rate
Resettable Securities with a call date on January 29, 2024, on which date the Company fully settled those securities.

Share buyback program

As disclosed in Note 22, a share buyback programme of €150 million (started in November 2023) is being executed under the
authorisation given by the Annual General Meeting of shareholders. In 2024 SES purchased additional 22.5 million Class A shares at a weighted average price of €5.37 per share and 6.4 million Class B shares at a weighted
average price of €2.24 per share.

Intelsat acquisition

On April 30, 2024, SES S.A. announced an agreement to purchase 100% of the equity of Intelsat Holdings S.à .r.l. for a cash
consideration of USD 3.1 billion (EUR 2.