SES GLOBAL Shareholders Approve Year 2003 Accounts and Dividend of EUR 0.22 At Annual General Meeting.Business Editors/High-Tech Writers BETZDORF, Luxembourg--(BUSINESS WIRE)--May 6, 2004 At their Annual General Meeting (AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f ) today in Betzdorf, Luxembourg, shareholders of SES GLOBAL S.A. (Euronext Paris, Luxembourg and Frankfurt Stock Exchanges Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. : SESG SESG Systems Engineering Steering Group SESG Software Engineering Support Group SESG System Engineering Sub-Group ) approved the Company's 2003 accounts and a proposed dividend 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. 0.22 per A-share, which will be paid to shareholders and holders of SES GLOBAL FDRs on May 19th, 2004. In 2003, SES GLOBAL earned revenues of EUR 1.2 billion, had an EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become of EUR 943 million (representing an EBITDA margin of 78.1%) and a net profit of EUR 205 million. This result was achieved despite an overall difficult market environment in the telecommunications and broadcasting industry. SES GLOBAL and its operating companies have achieved significant progress in the first months of 2004. -- EchoStar Communications and SES AMERICOM entered into long-term service agreements for the entire capacity on two satellites, AMC-14 and AMC-16, in addition to a contract for the capacity of the AMC-15 satellite and for interim capacity on the AMC-2 spacecraft which was announced in 2003. -- SES AMERICOM celebrated the successful launch of its AMC-10 satellite from Cape Canaveral onboard Atlas IIAS IIAS International Institute for Asian Studies IIAS International Institute of Administrative Sciences IIAS Inventory Information Approval System IIAS Indian Institute of Advanced Study IIAS International Internet Associate Symposium IIAS International Internet Advertising Services on February 5th, 2004. Meanwhile, AMERICOM's latest satellite, AMC-11, is awaiting launch onboard an Atlas IIAS launch vehicle in Cape Canaveral (USA). Two additional SES AMERICOM launches are scheduled to take place before year end 2004. -- On February 24, 2004, SES GLOBAL announced that it had acquired an ownership stake in ORBCOMM Inc., a US-based provider of global satellite data services to industrial, military and commercial customers, using a Low-Earth-Orbit constellation of spacecraft. As of March 2004, that ownership stake was 10.54%. -- On April 2, 2004, SES AMERICOM announced it received approval from a US Bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. to acquire the assets of Verestar Inc., for a total cash consideration of US $ 18.5 million. Verestar focuses on managed solutions for satellite communications in government, broadcast, enterprise, and international services markets with strategically located teleport facilities in the US and abroad. The transaction will be closed upon receipt of appropriate US government authorizations, including approval by the Federal Communications Commission to transfer Verestar's communications licences. At the Annual General Meeting, SES shareholders also elected Mr. Gilbert Ernst, Executive Vice President and Member of the Executive Board of BCEE BCEE Banque et Caisse d'Epargne de l'Etat BCEE Building, Civil and Environmental Engineering BCEE Board Certified Environmental Engineer BCEE Business Connection Enterprise Edition (Sprint PCS) (Banque et Caisse d'Epargne de l'Etat du Luxembourg), to the Board of Directors of SES GLOBAL. Mr. Ernst completes the term of the mandate of Mr. Raymond Kirsch kirsch n. A colorless brandy made from the fermented juice of cherries. [French, short for German Kirschwasser; see kirschwasser. who retired on February 1, 2004. About SES GLOBAL SES GLOBAL (Euronext Paris, Luxembourg and Frankfurt stock exchanges: SESG) wholly owns two market-leading satellite operators, SES ASTRA in Europe, and SES AMERICOM in the US. The Company also holds strategic participations in AsiaSat in Asia, Star One and Nahuelsat in Latin America, and NSAB NSAB National Security Advisory Board (India) NSAB Nationalsozialistischer Deutscher Arztebund (German: National Socialist German Doctors' Association) NSAB Nova Scotia Animal Breeders in Europe. Via its WORLDSAT subsidiary it provides unparalleled connections to the premier regional satellite fleets of these SES GLOBAL partners. AMERICOM Government Services provides network solutions and bandwidth to the US government and its contractors. SES GLOBAL can provide outstanding satellite communications solutions via a fleet of 41 satellites across the globe. In addition, SES GLOBAL is a shareholder in ORBCOMM, a provider of wireless data communications services through a low-earth orbit (LEO) satellite network, and in satellite technology companies Gilat Satellite Networks Gilat Satellite Networks is a publicly-traded Israeli company (NASDAQ: GILT. TASE) Gilat designs, develops and markets satellite and hybrid networking products, services and solutions to operators in 85 countries. Ltd., ND Satcom and SATLYNX. Additional info at: www.ses-global.com |
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