Company: SGBAF
Filing Date: 2025-04-29
Form Type: F-4
Source: 0001193125-25-103898
Chunk: 218

Company: SES S.A.
Filing Date: 2025-04-29
Form: F-4
Chunk 218
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, on the relevant record date. On January 29, 2024, Intelsat paid $1.873 per
outstanding share to its common shareholders of record at the close of business on January 5, 2024, totaling $127.5 million. Additional payments were made and will continue to be made to holders of restricted stock units pursuant to the terms
of the relevant award agreements upon vesting of the underlying restricted stock units. Refer to Note 9—Shareholders’ Equity of the Intelsat audited financial statements for the year ended December 31, 2024 included elsewhere in this
prospectus.

In June 2024, Intelsat’s board of directors authorized and approved, subject to shareholder approval, and in September
2024, the Intelsat shareholders approved, the distribution of $500.0 million out of Intelsat’s share premium to the shareholders of Intelsat in proportion to their holdings of shares of Intelsat and the holders of restricted stock units
pursuant to the terms of the relevant award agreements, on the relevant record date. On September 27, 2024, Intelsat paid $7.07 per outstanding share to its common shareholders of record at the close of business on September 17, 2024,
totaling $481.6 million. Additional payments will be made to holders of restricted stock units pursuant to the terms of the relevant award agreements upon vesting of the underlying restricted stock units. Refer to Note 9—Shareholders’
Equity of the Intelsat audited financial statements for the year ended December 31, 2024 included elsewhere in this prospectus.

$250.0 Million Satellite Capacity Commitment

On April 18, 2024, Intelsat entered into a $250.0 million commitment to purchase low-earth orbit
satellite capacity over six years commencing on July 1, 2024, which was subsequently amended and restated to commence on January 1, 2025. Intelsat has the option, but not the obligation, to increase its commitment for an additional $250.0 million
for a total of $500.0 million over a term of seven years.

178

Share-Based Compensation Modification

On March 6, 2024, Intelsat modified the performance obligation for certain performance-based restricted stock units (“PSUs”) issued
under the Intelsat S.A. 2022 Equity Incentive Plan for six gr