Company: SGBAF
Filing Date: 2025-04-23
Form Type: DRS/A
Source: 0000950123-25-003652
Chunk: 178

Company: SES S.A.
Filing Date: 2025-04-23
Form: DRS/A
Chunk 178
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umed coupon accruals of €15 million (net of tax) for the year ended December 31, 2024 related to the Perpetual Bonds in issue have been considered for the calculation of the basic and diluted earnings available for distribution. 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. Because the impact of these items is anti-dilutive during periods of net loss, there is no difference between basic and diluted loss per ordinary share for periods with net losses. Profit/(loss) attributable to the owners of the parent for calculating basic and diluted earnings per share, adjusted to include the assumed coupon net of tax:

| €million                                           |     | Historical |     |   |     | Proforma |      |   |
| Profit/(loss) attributable to owners of the parent |     |            |  15 |   |     |          | (143 | ) |
| Assumed coupon on Perpetual Bond (net of tax)      |     |            | (15 | ) |     |          | (15  | ) |
| Total                                              |     |            |   — |   |     |          | (158 | ) |
| Split between:                                     |     |            |     |   |     |          |      |   |
| Class A shares (in million)                        |     |            |   — |   |     |          | (131 | ) |
| Class B shares (in million)                        |     |            |   — |   |     |          | (27  | ) |

The weighted average number of shares based on the capital structure of SES, net of own shares held and adjusted to reflect the economic rights for calculating basic and diluted earnings per share was as follows:

|                             |     | Historical |       |     | Proforma |       |
| Class A shares (in million) |     |            | 351.7 |     |          | 351.7 |
| Class B shares (in