SES S.A. (Paris:SESG) (LuxX:SESG) today announced that its
shareholders have approved all resolutions presented at their annual
general meeting held today in Betzdorf, Luxembourg.
The shareholders notably approved the company´s 2007 accounts and
the proposed dividend of EUR 0.60 per share (+ 36% compared to 2006),
which will be paid on April 23rd, 2008.
The resolution to renew the authorisation to repurchase the
company´s own shares was approved. This resolution enables SES to
continue its share buyback programme, one of the three elements of the
company´s strategy to create value for shareholders. SES´s financial
strength and liquidity provides a strong foundation for the
continuation of its growth strategy of further investment in satellite
infrastructure, increasing dividends and share buyback/cancellation
activities.
Shareholders at the annual general meeting also re-elected 16
members of SES´ Board of Directors and appointed Bridget Cosgrave as a
new member of the Board. Cosgrave was with Belgacom SA from 2001-2007
as a member of the company´s Executive Committee.
Following the shareholders´ meeting, the new Board of Directors
reappointed Rene Steichen as Chairman, and elected two Vice
Chairpersons: Francois Tesch and Jean-Paul Zens.
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, which provides global coverage and
connectivity. The Company also holds 90% of SES SIRIUS in Europe as
well as strategic participations in Ciel in Canada and Quetzsat in
Mexico. SES provides outstanding satellite communications solutions
via a fleet of 38 satellites in 25 orbital positions around the globe.
Additional information on SES is available at: www.ses.com
