Eutelsat to Launch Limited Share Repurchase Programme for the Purposes of Corporate Officer Long-term Compensation Schemes
September 18 2023 - 12:34PM
Business Wire
Regulatory News:
The Board of Directors of Eutelsat Communications (ISIN:
FR0010221234 - Euronext Paris: ETL "Eutelsat") has approved a
repurchase programme of the company’s ordinary shares for a maximum
amount of 381 804 euros and a maximum number of 58 739 shares,
representing less than 5% of Eutelsat’s share capital.
The purpose of the programme is to acquire shares in connection
with maturing share plans under the long-term compensation schemes
enjoyed by certain corporate officers. The programme will be
completed by the end of September 2023.
The programme will be implemented in accordance with Article 5
of EU Regulation 596/2014 of the European Parliament and of the
Council of 16 April 2014 on market abuse (the “Market Abuse
Regulation”), and pursuant to the authorisations granted by the
General Meeting of Shareholders of 10 November 2022.
It will be executed by BNP PARIBAS EXANE (the “Broker”) acting
as intermediary on the multilateral trading facilities (MTFs) on
which Eutelsat shares are traded and on the regulated market of
Euronext Paris.
About Eutelsat Communications
Founded in 1977, Eutelsat Communications is one of the world's
leading satellite operators. With a global fleet of satellites and
associated ground infrastructure, Eutelsat enables clients across
video, fixed connectivity, mobile connectivity, and government
services markets to communicate effectively to their customers,
irrespective of their location. Around 6,800 television channels
operated by leading media groups are broadcast by Eutelsat to one
billion viewers equipped for DTH reception or connected to
terrestrial networks. Committed to promoting all facets of
sustainable development across its business activities, Eutelsat
leverages its in-orbit resources to help bridge the digital divide
while maintaining a safe and uncluttered space environment. As an
attractive and socially responsible employer, Eutelsat assembles
over 1,100 men and women from 50 countries who are dedicated to
delivering the highest quality of service. Eutelsat Communications
is listed on the Euronext Paris Stock Exchange (ticker: ETL).
For more about Eutelsat go to eutelsat.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230918790184/en/
Medias Anita Baltagi Tel.: +33 1 53 98 47 47
abaltagi@eutelsat.com
Daphné Joseph-Gabriel Tel.: +33 1 53 98 47 47
djosephgabriel@eutelsat.com
Baptiste Romeuf Tel.: +33 6 63 80 87 54
eutelsat@agenceproches.com
Investors Thomas Cardiel Tel.: +33 6 99 07 86 47
tcardiel@eutelsat.com
Hugo Laurens-Berge hlaurensberge@eutelsat.com
Christine Lopez Tel.: +33 1 53 98 47 02 clopez@eutelsat.com
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