Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces that its General Shareholders’ Meeting held on 30th September 2025 approved all of the resolutions submitted for approval.
Ordinary Resolutions
The General Meeting ratified and confirmed the following appointments to the Board of Directors:
- 1st resolution: Ratification of the appointment of Mr. Michel Combes as Director of the Company.
- 2nd resolution: Ratification of the appointment of Ms. Lucia Sinapi-Thomas as Director of the Company.
- 3rd resolution: Ratification of the appointment of Mr. Eric Labaye as Director of the Company.
- 4th resolution: Appointment of Mr. Jean-Baptiste Massignon as Director of the Company, subject to the satisfaction of conditions precedent.
- 5th resolution: Appointment of Mr. Jérémie Gué as Director of the Company, subject to the satisfaction of conditions precedent.
Extraordinary Resolutions
The General Meeting approved the following resolutions:
- 6th and 7th resolutions: Delegation of authority to the Board of Directors to issue ordinary shares in the Company, without preferential subscription rights for existing shareholders, for the benefit of the French State for a total nominal amount of €137,685,395, and waiver of shareholders’ preferential subscription rights in favor of the French State.
- 8th and 9th resolutions: Delegation of authority to the Board of Directors to issue ordinary shares in the Company, without preferential subscription rights for existing shareholders, for the benefit of Bharti Space Limited for a total nominal amount of €7,467,500, and waiver of shareholders’ preferential subscription rights in favor of Bharti Space Limited.
- 10th and 11th resolutions: Delegation of authority to the Board of Directors to issue ordinary shares in the Company, without preferential subscription rights for existing shareholders, for the benefit of the Secretary of State for Science, Innovation and Technology (the “UK Government”) for a total nominal amount of €22,537,105, and waiver of shareholders’ preferential subscription rights in favor of the UK Government.
- 12th and 13th resolutions: Delegation of authority to the Board of Directors to issue ordinary shares in the Company, without preferential subscription rights for existing shareholders, for the benefit of CMA CGM Participations for a total nominal amount of €24,955,000, and waiver of shareholders’ preferential subscription rights in favor of CMA CGM Participations.
- 14th and 15th resolutions: Delegation of authority to the Board of Directors to issue ordinary shares in the Company, without preferential subscription rights for existing shareholders, for the benefit of the Fonds Stratégique de Participations for a total nominal amount of €14,355,000, and waiver of shareholders’ preferential subscription rights in favor of the Fonds Stratégique de Participations.
- 16th resolution: Delegation of authority to the Board of Directors to issue ordinary shares in the Company, maintaining shareholders’ preferential subscription rights.
- 17th resolution: Restating of the overall cap on capital increases and the overall cap on debt security issuance provided for in paragraphs 4 and 5 of the 18th resolution of the general shareholders’ meeting held on 23 November 2023.
- 18th resolution: Authorization for the Board of Directors to increase the number of shares to be issued in the event of a capital increase with or without preferential subscription rights, decided pursuant to the 16th resolution of this General Shareholders’ Meeting.
- 19th resolution: Delegation of authority to the Board of Directors to increase the Company’s share capital by issuing ordinary shares and/or securities giving immediate and/or future entitlement to the Company’s share capital, with waiver of shareholders’ preferential subscription rights, reserved for members of a Company or Group savings plan.
- 20th resolution: Allocation of the deficit “Retained Earnings” account to the reserves’ account and share capital reduction resulting from losses, by reducing the nominal value of shares; delegation of powers to the Board of Directors to carry out the share capital reduction.
The 21st resolution (Share capital reduction not resulting from losses, by reducing the nominal value of shares; delegation of powers to the Board of Directors to carry out the share capital reduction) was not submitted to the vote of the shareholders, as expressly contemplated by the Board of Directors’ report.
The full results of the votes on each resolution will be made available on the Company’s website in accordance with applicable legal and regulatory requirements.
