Company: SGBAF
Filing Date: 2025-04-01
Form Type: DRS/A
Source: 0000950123-25-003272
Chunk: 15

Company: SES S.A.
Filing Date: 2025-04-01
Form: DRS/A
Chunk 15
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 warrants, which value will be determined by a third-party valuation firm in accordance with the applicable warrant agreements and paid to the holders of Intelsat warrants in cash. In
addition, a portion of the Closing Cash Consideration will be held back for the duration of the Liquidation to satisfy any remaining liabilities of Intelsat and to cover the costs of winding up the affairs of Intelsat. Once the Liquidation has
been completed, any remaining Closing Cash Consideration held by Intelsat will be distributed to Intelsat’s shareholders (including holders of Intelsat’s vested RSUs and PSUs).

Q: Who can help answer my questions?

A: If you are an Intelsat shareholder and would like a copy of this prospectus, or if you have questions about the Acquisition or the
other matters discussed in this prospectus, you should contact:

Intelsat S.A.

7900 Tysons One Place

McLean, VA 22102

Attn: Investor Relations

Tel: (703) 559-6800

Q: Where can I find more information about SES and Intelsat?

A:You can find more information about SES and Intelsat from the various sources described under “Where You Can Find More Information” beginning on page 195 of this prospectus.

8

Confidential Treatment Requested by SES

Pursuant to 17 C.F.R. Section 200.83

SUMMARY

This summary highlights selected information from this prospectus. It may not contain all the information that is important to you. Accordingly, we urge you to read this prospectus carefully and in its entirety, including the Annexes hereto, the documents incorporated herein by reference, the registration statement to which this prospectus relates, and all other documents attached to or incorporated into this prospectus to fully understand the Share Purchase Agreement, the Acquisition and the Transactions. The page references have been included in this summary to direct you to a more complete description of the topics presented below. See also the section titled “Where You Can Find More Information” beginning on page 195.

The Parties to the Share Purchase Agreement

SES

SES is a leading global satellite communications and broadcast services provider, and a trusted partner to world-leading telecommunications
companies, mobile network operators, governments, institutions, internet service providers, cloud-based solutions businesses, broadcasters, video platform operators, and content owners. SES is based in Luxembourg and together with its subsidiaries,
SES combines a network of nearly 70 satellites operating in two different orbits