Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 317

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 317
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 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 cancelled 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, during the year the Group acquired 4,039,700 FDRs at a weighted average price of EUR 5.46 per FDR and no Class B shares. An accrual of EUR 4 million was recorded in respect of Class B shares. Subject to the agreement of the shareholders, the Company also purchases FDRs in connection with executives’ and employees’ share-based payment plans. As of December 31, 2023, the Company held 5,575,410 FDRs (December 31, 2022: 6,565,553 FDRs) relating to such plans. These FDRs are disclosed as treasury shares in the consolidated statement of financial position and are carried at acquisition cost as a deduction from equity.

|                                                   |     | 2023 |           |     | 2022 |           |
| FDRs held as of December 31                       |     |      | 9,615,110 |     |      | 6,565,553 |
| Carrying value of FDRs held (€ million)           |     |      |        90 |     |      |        81 |
| Class B shares held as of December 31             |     |      |         — |