An Extraordinary General Meeting of shareholders at Luxembourg-based satellite operator SES has approved the company’s reduction of Capital and some key governance changes.

“At an Extraordinary General Meeting held on June 17, 2026 in Betzdorf, Luxembourg, SES shareholders approved all board-backed resolutions, including the cancellation of shares repurchased under the buyback programme launched in November 2023 and amended in May 2024, thereby reducing the company’s share capital. Investors also backed amendments to the articles of association introducing indemnification for board members and executives and updating rules on the conduct of shareholder meetings, measures that may streamline governance and adjust SES’s capital structure for future strategic flexibility,” stated the company.

The company has had something of a volatile few weeks on the Paris and Luxembourg stock markets, rising to almost €10 per share on May 28th but sliding down to its current €7.16 on June 19th (a fall of 13.9 per cent).

Current bank advice to clients also shows a mixed view of the company’s share-price prospects:

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Categories: Blogs, Business, Inside Satellite

Tags: bank, SES