Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 356

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 356
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 with the terms of the FDRs. All Class B shares are currently held by the State of Luxembourg, or by Luxembourg public institutions. Dividends paid for one share of Class B equal 40% of the dividend for one share of Class A. A shareholder, or a potential shareholder, who seeks to acquire, directly or indirectly, more than 20% of the shares of the Company must inform the Chairman of the Board of Directors of the Company of such an intention. The Chairman of the Board of Directors of the Company shall forthwith inform the government of the Grand Duchy of Luxembourg of the envisaged acquisition which may be opposed by the government F-72

Consolidated financial statements as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022 within three months should the government determine that such an acquisition would be against the general public interest. In case of no opposition from the government, the Board shall convene an extraordinary meeting of shareholders which may decide at a majority provided for in article 450-3of the law of August 10, 1915, as amended, regarding commercial companies, to authorize the shareholder, or potential shareholder, to acquire more than 20% of the shares. If it is an existing shareholder of the Company, it may attend the general meeting and will be included in the count for the quorum but may not take part in the vote. Share buyback program On May 6, 2021 the Company announced a share buyback program to be executed by December 31, 2021 under the authorization given by the Annual General Meeting of shareholders held on April 1, 2021. During the year the Group acquired 12 million Class A shares at a weighted average price of EUR 6.56 per A-shareand 6 million Class B shares at a price of EUR 2.62 per B-share,resulting in a total cost of the program of EUR 95 million. On September 27, 2022 the shares acquired under the program were canceled in order to reduce the total number of voting and economic shares in issue, for a total consideration of EUR 80 million. On August 3, 2023 the Company announced a share buyback program under the authorization given by the Annual General Meeting of shareholders held on April 6, 2023. In connection with this program, as of December 31, 2024 the Group acquired 23,952,416