REG-Eutelsat Eutelsat Ordinary and Extraordinary General Meeting Approves All Resolutions Relating to Contemplated Capital Increase and Appointments to the Board of Directors

Eutelsat Communications SAAnnouncement

30/09/2025 17:45

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Eutelsat Ordinary and Extraordinary General Meeting Approves All Resolutions
Relating to Contemplated Capital Increase and Appointments to the Board of
Directors

 

Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL)
announces that its General Shareholders’ Meeting held on 30(th) 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.

About Eutelsat

Eutelsat is a global leader in satellite communications, delivering
connectivity and broadcast services worldwide. Eutelsat was formed through the
combination of the Company and OneWeb in 2023, becoming the first fully
integrated GEO-LEO satellite operator with a fleet of 34 Geostationary (GEO)
satellites and a Low Earth Orbit (LEO) constellation of more than 600
satellites. Eutelsat addresses the needs of customers in four key verticals of
Video, where it distributes around 6,400 television channels, and the
high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity,
and Government Services. Eutelsat's unique suite of in-orbit assets and ground
infrastructure enables it to deliver integrated solutions to meet the needs of
global customers. The Company is headquartered in Paris and Eutelsat employs
more than 1,600 people across more than 75 countries. Eutelsat is committed to
delivering safe, resilient, and environmentally sustainable connectivity to
help bridge the digital divide. The Company is listed on the Euronext Paris
Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL).

Find out more at www.eutelsat.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.eutelsat.com%2F&esheet=54331960&newsitemid=20250930186007&lan=en-US&anchor=www.eutelsat.com&index=1&md5=7cd0bd955b3a6f3d02f99b9f82535f02)

DISCLAIMER

The forward-looking statements included herein are for illustrative purposes
only and are based on management’s views and assumptions as of the date of
this document. Such forward-looking statements involve known and unknown
risks. For illustrative purposes only, such risks include but are not limited
to: risks related to the health crisis; operational risks related to satellite
failures or impaired satellite performance, or failure to roll out the
deployment plan as planned and within the expected timeframe; risks related to
the trend in the satellite telecommunications market resulting from increased
competition or technological changes affecting the market; risks related to
the international dimension of the Group's customers and activities; risks
related to the adoption of international rules on frequency coordination and
financial risks related, inter alia, to the financial guarantee granted to the
Intergovernmental Organization's closed pension fund, and foreign exchange
risk. Eutelsat Communications expressly disclaims any obligation or
undertaking to update or revise any projections, forecasts or estimates
contained in this document to reflect any change in events, conditions,
assumptions, or circumstances on which any such statements are based, unless
so required by applicable law. The information contained in this document is
not based on historical fact and should not be construed as a guarantee that
the facts or data mentioned will occur. This information is based on data,
assumptions and estimates that the Group considers as reasonable.

Media enquiries



Joanna Darlington

Tel. +33 674 521 531

joanna.darlington@eutelsat.net 
(mailto:joanna.darlington@eutelsat.net) 


Anita Baltagi

Tel. +33 643 930 178

anita.baltagi@eutelsat.net 
(mailto:anita.baltagi@eutelsat.net) 


Katie Dowd

Tel. +1 202 271 2209

katie.dowd@eutelsat.net 
(mailto:katie.dowd@eutelsat.net) 


Investors



Joanna Darlington

Tel. +33 674 521 531

joanna.darlington@eutelsat.net 
(mailto:joanna.darlington@eutelsat.net) 


Hugo Laurens-Berge

Tel. +33 670 80 95 58

hugo.laurens-berge@eutelsat.net (mailto:hugo.laurens-berge@eutelsat.net)



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