LUXEMBOURG--(BUSINESS WIRE)--SES S.A. held its Annual General Meeting (AGM) today in Betzdorf, Luxembourg, in which all resolutions were approved by shareholders.
The meeting was held based on the rules set out in the Grand Ducal Regulation of 20 March 2020 with shareholders participating remotely by appointing SES designated proxyholders to represent them at the meeting and to carry out their voting instructions given ahead of the meeting. Compliance with voting instructions was verified by the bureau of the AGM.
The approved resolutions included the company's 2019 financial accounts and the proposed dividend of EUR 0.40 per A-share which will be paid to shareholders on 23 April 2020. Accordingly, SES’s 2019 Annual Report has been published and is available to download at http://www.ses.com/annual-report.
Shareholders also approved a reduction in Board size from 14 to 12 Directors.
In addition, shareholders elected Béatrice de Clermont-Tonnerre and Peter van Bommel for an initial two-year mandate and elected Paul Konsbruck and Frank Esser for another three-year mandate. They also re-elected Ramu Potarazu, Kaj-Erik Relander and Anne-Catherine Ries for three years.
In the context of the reduction in Board size, shareholders also noted the resignations of Victor Casier, Hadelin de Liedekerke Beaufort, Marc Serres and François Tesch as Directors of SES. The AGM thanked those Directors for their contributions.
Consequently, the Board is now composed as follows: A-shareholders are represented by (all of them independent) Romain Bausch, Béatrice de Clermont-Tonnerre, Frank Esser, Tsega Gebreyes, Ramu Potarazu, Kaj-Erik Relander, Peter van Bommel, Katrin Wehr-Seiter; and B-shareholders are represented by Serge Allegrezza, Paul Konsbruck, Anne-Catherine Ries, Françoise Thoma.
At the AGM, Romain Bausch, Chairman of the SES Board and former President and CEO, informed the shareholders that he would not seek a new mandate as Chairman. Mr Bausch will remain on the Board as an independent Director.
Accordingly, in its meeting following the AGM, the Board of Directors elected Frank Esser as Chairperson of the Board for a period of one year and re-elected both Tsega Gebreyes and Anne-Catherine Ries as Vice-Chairpersons of the Board, also for a period of one year.
“Having been at the helm of the company for 25 years, firstly as CEO and latterly as Chairman and with the company now entering an exciting period of transformation under Steve Collar’s leadership and with a newly invigorated and streamlined Board, I consider it to be the right time to pass the baton to a new Chair in the renewed Board,” said Romain Bausch. “It has been a true privilege to serve SES in these different roles and I want to thank our shareholders for their continued support.”
“I am honoured to be elected Chairperson at this important and exciting time for our company with SES being in a great position for further development,” said Frank Esser. “I am delighted to be joining the Board with several new Directors who will each bring strong competencies, complementing those of the rest of our Board colleagues. I would also like to take this opportunity to pay tribute to Romain and his contribution, commitment and on-going service to SES with his continued presence as a Director.”
Follow us on:
About SES
SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over 8,300 channels and has an unparalleled reach of over 365 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG).
十三届全国人大常委会第二十三次会议在京闭幕
“亲有疾 药先尝 昼夜侍 不离床”——国旗
上饶市龙潭湖酒店集团开展爱心助学行动
ROSEN鼓励投资者在SQ证券集体诉讼重要截止日期
金秋最艳丽的红色—中国最北海岸线,天下奇观
轻触乘车!Monterey-Salinas Transit
2023年中国高考:英语教育的挑战与机遇
Canva推出全球开发者平台、5000万美元基金和全新
InsidePacket扩展SONiC用例以支持新的边缘
INNIO将为Raven SR的废物制氢厂提供可再生能源支
上饶首笔公积金“亮码可办”业务在信州分中心
上饶公积金:便民惠民跑出“加速度”
Energy Vault和Jupiter Power宣布就
郴州市娄底商会成立大会召开
PLDA宣布全面支持CXL 和Gen-Z 协议
NIPPON Platform Co., Ltd
江西婺源:四省五地农民画 记录山乡巨变
滨州市启动全市学校(校车)安全生产专项整治
赣州首家“互联网➕”家政服务平台在沪挂牌上
国务院联防联控机制:核酸检测要力争6小时内
SYNTAGMA CAPITAL已就收购Lennox
女人文胸穿不对,极易被“乳腺癌”盯上?辛明
江西广丰:桃园成网红地
西安:让生态流入城市 “茉莉花”般沁人心脾