Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 612

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 612
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B-7

therein and may provide that it shall represent the aggregate amount of Outstanding CVRs from time to time endorsed thereon and that the aggregate amount of Outstanding CVRs represented thereby
may from time to time be increased or decreased. As of the Effective Date, without the need for any action or consent of any Person, including the CVR Issuer, an initial Global Security shall be issued reflecting the number of CVRs to be issued to
Cede & Co. as of the Effective Date and shown on the CVR Register. Any Global Security shall be executed by an officer on behalf of the CVR Issuer. Any endorsement of a Global Security to reflect the amount, or any increase or decrease in
the amount, of Outstanding CVRs represented thereby shall be made in such manner and upon instructions given by the CVR Issuer as specified in the Depository Agreement.

(d) Direct Registration CVRs shall be uncertificated and evidenced by the Direct Registration System maintained by the Rights Agent. Direct
Registration CVRs do not need to be authenticated and shall be valid and obligatory for all purposes of this Agreement and shall entitle each Direct Owner thereof to all benefits of this Agreement.

(e) As promptly as reasonably practicable after the Effective Date, the Rights Agent shall provide a written statement to each Direct Owner
showing the number of Direct Registration CVRs held thereby. Thereafter, the Rights Agent shall provide periodic written statements (and no less than biannually) to each Direct Owner showing the number of Direct Registration CVRs held thereby.

Section 2.4 .

(a) Within ninety (90) days following the receipt by the CVR Issuer or any of its Affiliates of any Gross Proceeds, the CVR Issuer shall
deliver to the Rights Agent a certificate (a “”) setting forth, in reasonable detail with reasonable supporting information, the CVR Issuer’s calculation of the Applicable Consideration with respect to such
Gross Proceeds, including the CVR Issuer’s calculation of Gross Proceeds, Net Proceeds and Applicable Expenses (and the components thereof). Promptly following the CVR Issuer’s delivery of a Payment Certificate to the Rights Agent (but in
any event within five (5) Business Days thereafter), the Rights Agent shall mail a notice, by email to the email address that appears on the CVR Register or, if no email address appears on the CVR Register, by first class mail to the Holders at
their addresses as they appear on the