Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 408

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 408
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 Intelsat Jackson Secured Credit Agreement does not purport to be complete and is qualified in its
entirety by reference to the full text of the 2022 Intelsat Jackson Secured Credit Agreement.

Intelsat Jackson made principal payments on
the 2029 Term Loans of $386.2 million for the ten months ended December 31, 2022, with no similar payments for the two months ended February 28, 2022. During the year ended December 31, 2023, the total remaining balance of
$2.8 billion associated with the 2029 Term Loans was paid in full.

Note 10—Shareholders’ Equity

(a) Share Premium Distribution

In
September 2023, our 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 the Company’s share premium to the shareholders of
the Company in proportion of their holding of shares of the Company and the holders of restricted stock units pursuant to the terms of the relevant award agreements, on the relevant record date. On January 29, 2024, the Company 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.

(b) Share Repurchase Program

Additionally, in September 2023, our 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 the Company’s common shares, up to $200.0 million aggregate amount for which shares may be repurchased, which
may be made in any manner including tender or other offers, buy-back programs, or privately negotiated transactions in accordance with all applicable securities laws, rules, and regulations (“Share
Repurchase Program”). During the year ended December 31, 2023, we repurchased 220,000 common shares for $6.5 million at an average price per share of $29.75. As of December 31, 2023, approximately $193.5 million remained
available under the Share Repurchase Program.

Note 11—Leases

Lessee

We lease corporate and branch