AGM/EGMJun 18, 2026, 08:06 AM
SES Shareholders Approve Share Cancellation, Capital Reduction
AI Summary
SES S.A. announced that its Extraordinary General Meeting (EGM) of Shareholders, held on June 17, 2026, approved all resolutions recommended by the Board of Directors. Key approvals included the cancellation of shares repurchased under the company's buyback program, leading to a reduction in share capital. Shareholders also approved amendments to the company's articles of association, covering indemnification for Board members and executives, and updates concerning the conduct of shareholder meetings.
Key Highlights
- Shareholders approved all resolutions at the Extraordinary General Meeting on June 17, 2026.
- Approved the cancellation of shares repurchased under the share buyback program.
- This cancellation will result in a corresponding reduction of the Company's share capital.
- Approved amendments to the Company's articles of association for Board members and executives indemnification.
- Approved updates to the articles of association related to the conduct of shareholder meetings.
Price Impact
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