Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 318

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 318
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| Carrying value of Class B shares held (€ million) |     |      |         — |     |      |         — |

EUR 550 million Deeply Subordinated Fixed Rate Resettable Securities In November 2016 SES issued Deeply Subordinated Fixed Rate Resettable Securities for an amount of EUR 550 million, with a first call on January 29, 2024. The securities bear a coupon of 5.625% per annum to the first call date and were priced at 99.304% of their nominal value. Tender premium and transaction costs for this transaction amounted to EUR 8 million and were deducted from “Other reserves”. On December 4, 2023 the Company issued a Notice of Redemption to holders of these securities to their first call date on January 29, 2024. This resulted in them being reclassified to ‘Borrowings’ and presented within current liabilities (see Note 25). F-72

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 Consolidated financial statements as of and for the years ended December 31, 2023 and December 31, 2022 EUR 625 million Deeply Subordinated Fixed Rate Resettable Securities In May 2021 SES issued Deeply Subordinated Fixed Rate Resettable Securities for an amount of EUR 625 million, with a first call date on August 27, 2026. The securities bear a coupon of 2.875% per annum and were priced at 99.409% of their nominal value. Tender premium and transaction costs for this transaction amounted to EUR 26 million and were deducted from “Other reserves”. Coupon payments in respect of the Deeply Subordinated Fixed Rate Resettable Securities occurred on January 30, 2023 (EUR 31 million), August 28, 2023 (EUR 18 million) and have been deducted from ‘Other reserves’. The corresponding payments in 2022 were on January 31, 2022 (EUR 31 million), August 29, 2022 (EUR 18 million) and were also deducted from ‘Other reserves’. Tax on the Perpetual Bonds coupon accrual of EUR 14 million (2022: EUR 14 million) has been credited to ‘Other reserves’. The Company may, at its discretion, elect to defer all or part of any interest payment. Coupon accruals may be paid at the option of the Company in whole or