Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 261

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 261
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 premium to the shareholders of Intelsat in proportion of their holding of shares of Intelsat and the holders of restricted stock units pursuant to the terms of
the relevant award agreements. On January 29, 2024, Intelsat paid $1.873 per outstanding share to its common shareholders of record at the close of business on January 5, 2024. 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 period ended December 31, 2023 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. During the year ended December 31, 2023, Intelsat repurchased 220,000 common shares for $6.5 million. As of December 31, 2023, approximately $193.5 million remained available under the share repurchase program. The program does
not obligate Intelsat to acquire a minimum amount of shares. Refer to Note 9—Shareholders’ Equity of the Intelsat audited financial statements for the period ended December 31, 2023 included elsewhere in this prospectus.

200

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Cash Flow Items Intelsat’s cash flows consisted of the following for the periods shown (in thousands):

|                                                                               |     | Predecessor |   Two Months 
        Ended 
 February 28, 
         2022 |   |     | Successor |   Ten Months 
        Ended 
 December 31, 
         2022 |   |     | Non-GAAP 
 Combined |   Year Ended 
 December 31, 
         2022 |   |     | Successor |   Year Ended 
 December 31, 
         2023 |   |
|:------------------------------------------------------------------------------|:----|:------------|-------------:|:--|:----|:----------|-------------:|:--|:----|