Company: SGBAF
Filing Date: 2025-05-08
Form Type: F-4/A
Source: 0001193125-25-115825
Chunk: 359

Company: SES S.A.
Filing Date: 2025-05-08
Form: F-4/A
Chunk 359
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ing in a total cost of the program of EUR 95 million. On September 27, 2022 the shares acquired under the program were canceled in order to reduce the total number of voting and economic shares in issue, for a total consideration of EUR 80 million. On August 3, 2023 the Company announced a share buyback program under the authorization given by the Annual General Meeting of shareholders held on April 6, 2023. In connection with this program, as of December 31, 2024 the Group acquired 23,952,416 FDRs at a weighted average price of EUR 5.22 per FDR and 11,976,209 Class B shares at an average price of €2.09 per B-share,resulting in a total cost of the program of EUR 150 million. Subject to the agreement of the shareholders, the Company also purchases FDRs in connection with executives’ and employees’ share-based payment plans. As of December 31, 2024, the Company held 3,898,699 FDRs (December 31, 2023: 5,575,410 FDRs, December 31, 2022: 6,565,553 FDRs) relating to such plans. These FDRs are disclosed as treasury shares in the consolidated statements of financial position and are carried at acquisition cost as a deduction from equity.

|                                                   |     | 2024 |            |     | 2023 |           |     | 2022 |           |
| FDRs held as of December 31                       |     |      | 27,851,115 |     |      | 9,615,110 |     |      | 6,565,553 |
| Carrying value of FDRs held (€ million)           |     |      |        173 |     |      |        90 |     |      |        81 |
| Class B shares held as of December 31             |     |      | 11,976,209 |     |      |         — |     |      |         — |
| Carrying value of Class B shares held (€ million) |     |      |         25 |     |      |         — |     |      |         — |

EUR 550 million Deeply Subordinated Fixed Rate Resettable Securities In November 2016 SES issued Deeply Subordinated Fixed Rate Resettable Securities for an amount of EUR 550 million,