REG-Eutelsat Group Holding(s) in Company

Eutelsat Communications SAAnnouncement

04/07/2025 16:45

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Holding(s) in Company

 

TR-1: Standard form for notification of major holdings
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the                                                                                                                                                                                                                
 FCA in Microsoft Word format if possible) (i)                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                             
 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    Eutelsat Communications S.A.                                                                                                   
 which voting rights are attached (ii):                                                                                                                       
                                                                                                                              
                                                                                                                                                              
                                                                                                                              
 1b. Please indicate if the issuer is a non-UK issuer (please mark with an                                                                                                                                                                                                                   
 “X” if appropriate)                                                                                                                                                                                                                                                                         
 Non-UK issuer                                                                                                                                                                                                                                             X                                 
 2. Reason for the notification (please mark the appropriate box or boxes with                                                                                                                                                                                                               
 an “X”)                                                                                                                                                                                                                                                                                     
 An acquisition or disposal of voting rights                                                                                                                                                                                                               X                                 
 An acquisition or disposal of financial instruments                                                                                                                                                                                                                                         
 An event changing the breakdown of voting rights                                                                                                                                                                                                                                            
 Other (please specify) (iii):                                                                                                                                                                                                                                                               
 3. Details of person subject to the notification obligation (iv)                                                                                                                                                                                                                            
 Name                                                                                                                                                         The French State, represented by Agence des participations de l’Etat                                                           
 City and country of registered office (if applicable)                                                                                                        139, rue de Bercy - 75572 Paris Cedex 12                                                                                       
 4. Full name of shareholder(s) (if different from 3.) (v)                                                                                                                                                                                                                                   
 Name                                                                                                                                                                                                                                                                                        
 City and country of registered office (if applicable)                                                                                                                                                                                                                                       
 5. Date on which the threshold was crossed or reached (vi):                                                                                                  [3 July 2025]                                                                                                                  
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               [3 July 2025]                                                                                                                  
 7. Total positions of person(s) subject to the notification obligation                                                                                                                                                                                                                      
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments      Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer (8.A + 8.B) (vii)      
                                                                                                                                   
(total of 8.B 1 + 8.B 2)                                                                                                                                 
 Resulting situation on the date on which threshold was crossed or reached  13.59%                                                 0%                                                    13.59%                          64,586,426                                                          
 Position of previous notification (if                                                                                                                                                                                                                                                       
 
                                                                                                                                                                                                                                                                                           
 
applicable)                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                             

 8. Notified details of the resulting situation on the date on which the                                                                                                                        
 threshold was crossed or reached (viii)                                                                                                                                                        
 A: Voting rights attached to shares                                                                                                                                                            
 Class/type of                                  Number of voting rights (ix)                                               % of voting rights                                                   
 
shares                                                                                                                                                                                        
 
                                                                                                                                                                                              
 
ISIN code (if possible)                                                                                                                                                                       
                                                Direct                     Indirect                                        Direct                                           Indirect            
                                                
                          
                                               
                                                
                   
                                                
(DTR5.1)                  
(DTR5.2.1)                                     
(DTR5.1)                                        
(DTR5.2.1)         
 ISIN FR0010221234                              64,586,426                                                                 13.59%                                                               
                                                                                                                                                                                                
                                                                                                                                                                                                
 SUBTOTAL 8. A                                  64,586,426                                                                 13.59%                                                               
                                                                                                                                                                                                
 
                                                                                                                                                                                              
 
                                                                                                                                                                                              
 B 1: Financial Instruments according to DTR5.3.1R (1) (a)                                                                                                                                      
 Type of financial instrument                   Expiration   Exercise/                             Number of voting rights that may be acquired if the instrument is        % of voting rights  
                                                
date (x)    
Conversion Period (xi)               
                                                                                            
                                                                                                   
exercised/converted.                                                                        
                                                                                                                                                                                                
                                                                                                                                                                                                
                                                                                                                                                                                                
                                                             SUBTOTAL 8. B 1                                                                                                                    
                                                                                                                                                                                                
 
                                                                                                                                                                                              
 
                                                                                                                                                                                              
 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R                                                                                                                 
 (1) (b)                                                                                                                                                                                        
 Type of financial instrument  Expiration                    Exercise/                   Physical or cash                                          Number of voting rights  % of voting rights  
                               
date (x)                     
Conversion Period (xi)     
                                                                                                      
                                                                                         
Settlement (xii)                                                                                      
                                                                                                                                                                                                
                                                                                                                                                                                                
                                                                                                                                                                                                
                                                                                         SUBTOTAL 8.B.2                                                                                         
                                                                                                                                                                                                
 
                                                                                                                                                                                              
 
                                                                                                                                                                                              
                                                                                                                                                                                                

 9. Information in relation to the person subject to the notification                                                                                                                                                                                          
 obligation (please mark the                                                                                                                                                                                                                                   
 
                                                                                                                                                                                                                                                             
 
applicable box with an “X”)                                                                                                                                                                                                                                  
 Person subject to the notification obligation is not controlled by any natural                                                                                                                                           X                                    
 person or legal entity and does not control any other undertaking(s) holding                                                                                                                                                                                  
 directly or indirectly an interest in the (underlying) issuer (xiii)                                                                                                                                                                                          
 Full chain of controlled undertakings through which the voting rights and/or                                                                                                                                                                                  
 the                                                                                                                                                                                                                                                           
 
financial instruments are effectively held starting with the ultimate                                                                                                                                                                                        
 controlling natural person or legal entity (please add additional rows as                                                                                                                                                                                     
 necessary) (xiv)                                                                                                                                                                                                                                              
 Name (xv)                   % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold     
                                                                                                         than the notifiable threshold                                                                                                                         
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                               
 10. In case of proxy voting, please identify:                                                                                                                                                                                                                 
 Name of the proxy holder                                                                                                                                                                                                                                      
 The number and % of voting rights held                                                                                                                                                                                                                        
 The date until which the voting rights will be held                                                                                                                                                                                                           
                                                                                                                                                                                                                                                               
 11. Additional information (xvi)                                                                                                                                                                                                                              
 The crossing of the threshold follows the off-market acquisition of 64,586,426                                                                                                                                                                                
 shares of Eutelsat Communications S.A. by the French State, acting through the                                                                                                                                                                                
 Agence des participations de l'Etat, from Bpifrance Participations S.A.,                                                                                                                                                                                      
 carried out on 3 July 2025. This acquisition was carried out as part of the                                                                                                                                                                                   
 Company's contemplated equity raising, as described in the press release                                                                                                                                                                                      
 published on the Company's website on 19 June 2025, through two capital                                                                                                                                                                                       
 increases, the first for an amount of €716 million, reserved for the Agence                                                                                                                                                                                   
 des participations de l'Etat and the Eutelsat Communications S.A.'s reference                                                                                                                                                                                 
 shareholders and the second for an amount of €634 million, with preferential                                                                                                                                                                                  
 subscription rights.                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                               

 Place of completion  Paris, France  
 Date of completion   [3 July 2025]  


 



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