Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 191

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 191
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 a result of Phase II Validation, Intelsat recognized reimbursement income of $720.9 million for the year ended
December 31, 2023, which is included within “Other operating expense (income), net—C-band” on Intelsat’s consolidated statements of operations.

Share Premium Distribution and Share Repurchase Program

In September 2023, Intelsat’s board of directors authorized and approved, subject to shareholder approval, and in December 2023, the
shareholders approved, the distribution of $130.0 million out of Intelsat’s share 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 10—Shareholders’ Equity of the Intelsat audited financial statements for the period ended December 31, 2023
included elsewhere in this prospectus. Additionally, in June 2024, the Intelsat Board authorized and approved, subject to shareholder approval, and in September 2024, Intelsat’s shareholders approved, the distribution of $500.0 million out
of Intelsat’s share premium to Intelsat’s shareholders in proportion of their holding of Intelsat common shares and the holders of restricted stock units pursuant to the terms of the relevant award agreements. On September 27, 2024,
Intelsat paid $7.07 per outstanding Intelsat common share to its common shareholders of record at the close of business on September 17, 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.

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