SES CANCELS 25,002,156 SHARES, CREATING ADDITIONAL SHAREHOLDER VALUE - New buyback programme authorized.SES GLOBAL to become SES, in move to leverage strong SES brand worldwide BETZDORF, Luxembourg Betzdorf (Luxembourgish: Betzder) is a commune and village in eastern Luxembourg. It is part of the canton of Grevenmacher, which is part of the district of Grevenmacher. The commune's administrative centre is Berg. -- Shareholders of SES GLOBAL S.A. (Paris:SESG SESG Systems Engineering Steering Group SESG Software Engineering Support Group SESG System Engineering Sub-Group )(LuxX:SESG), at an Extraordinary General Meeting held at the Company's headquarters in Betzdorf (Luxembourg) today, approved the cancellation of 25,002,156 of the Company's shares, completing the share buy-back and cancellation programme authorized by the Extraordinary General Meeting of Shareholders held December 8th, 2005. Within this programme, the Company acquired 25,002,156 of its own shares* for an overall consideration of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 233,125,770. All shares acquired under the programme have been cancelled following a reduction of the Company's share capital. Shareholders of SES also authorized a new share buy-back programme of up to the legal maximum of 10% of the issued share capital. The resolution allows the programme to run until June 2008. The company will implement the share buy-back programme within a EUR 9.75 - 19.75 price range in compliance with the conditions set forth in the General Regulations (Reglement general) of the French financial market authority (Autorite des Marches Financiers). In a move to leverage the strong and recognized SES brand worldwide and to better reflect SES' corporate structure through a streamlined brand hierarchy, shareholders of SES also adopted a resolution to change the official denomination of SES GLOBAL to "SES". SES's ticker symbols SESG on Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. and the Luxembourg Stock exchange The Luxembourg Stock Exchange (French: Bourse de Luxembourg) is a stock exchange based in Luxembourg City, in southern Luxembourg. remain unaffected by this change. Comments Romain Bausch, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SES: "SES has cancelled 6.8 % of its shares in 2005 and 3.6% in 2006, thus creating considerable added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
*Note to the editor: The 25,002,156 shares acquired by the company were composed of 16,668,104 A-shares plus 8,334,052 B-shares. The B-shares have an economic value equivalent to 40% of A- shares. About SES SES (Paris:SESG)(LuxX:SESG) wholly owns three market-leading satellite operators, SES ASTRA in Europe, SES AMERICOM in North America, and SES NEW SKIES SES NEW SKIES, formerly New Skies Satellites (NSS), is a Dutch operator of communications spacecraft, owned by SES. On November 30, 1998, the Intelsat 703 spacecraft was transferred to New Skies’ control. New Skies operates this and four other spacecraft. , which provide global coverage and connectivity. The Company also holds strategic participations in AsiaSat in Asia, Star One in Latin America, SES Sirius in Europe, Ciel in Canada and Quetzsat in Mexico. Americom Government Services provides network solutions and bandwidth to the US government and its contractors. SES provides outstanding satellite communications solutions via a fleet of 44 satellites on 33 orbital positions around the globe. Additional information on SES is available at: www.ses-global.com |
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