Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 331

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 331
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umed coupon accruals of EUR 15 million (net of tax) for the year ended December 31, 2024 (2023: EUR 36 million, 2022: EUR 36 million) related to the Perpetual Bonds in issue have been considered for the calculation of the basic and diluted earnings available for distribution. The weighted average number of shares based on the capital structure of the Company as described in Note 24, net of own shares held, and adjusted to reflect the relative economic rights of the Class A shares and Class B shares for calculating basic earnings per share was as follows:

|                              |     | 2024 |       |     | 2023 |       |     | 2022 |       |
| Class A shares (in million)  |     |      | 351.7 |     |      | 364.8 |     |      | 364.1 |
| Class B shares (in million)1 |     |      |  72.9 |     |      |  74.3 |     |      |  74.3 |
| Total                        |     |      | 424.6 |     |      | 439.1 |     |      | 438.4 |

F-48

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022

| 1 | Weighted average number of Class B shares of 182.3 (in million) (2023: 185.7, 2022: 185.8), net of own 
 shares held, was multiplied by 40% considering the relative economic rights.                           |

Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares which are primarily related to the share-based compensation plans. A calculation is done to determine the number of shares that could have been acquired at fair value based on the monetary value of the subscription rights attached to outstanding share options. The number of shares calculated as above is compared with the number of shares that would have been issued assuming the exercise of the share options and the difference, if it results in a dilutive effect, is considered to adjust the weighted average number of shares. For 2024, a diluted loss/gain per Class A share and Class B share of EUR nil (2023: diluted loss per Class A share of