Business Services Industry
SES Shareholders Hold Annual General Meeting
Business Wire, April 3, 2008
* Dividend of EUR 0.60 per share approved
* New share repurchase programme authorised
* New Board of Directors elected
* Rene Steichen reappointed Chairman of the Board
BETZDORF, Luxembourg -- 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
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