Annual General Meeting of Eutelsat Communications

Rhea-AI Summary

Eutelsat Communications held its Annual General Meeting where all proposed resolutions were approved. Key highlights include the approval of financial accounts and a dividend of €0.93 per share, representing a 5% increase from the previous year. This dividend will be paid on November 18, 2021. The Board's composition remains stable, with 50% of members being women and 70% being independent. Additionally, BPIFrance Investissement was appointed to the Board, expanding its governance structure.

Positive

• Dividend of €0.93 per share approved, up 5% from previous year.
• All resolutions at the Annual General Meeting were approved.
• Board remains diverse with 50% female representation and 70% independent members.

Negative

• None.

Approval of a Dividend of €0.93 Per Share, up 5%

PARIS--(BUSINESS WIRE)-- Regulatory News:

The Ordinary and Extraordinary Annual General Meeting of Shareholders of Eutelsat Communications (Paris:ETL) was held today in Paris. All the resolutions submitted were approved. They included notably:

• Approval of the accounts;
• Dividend relating to Financial Year 2020-21, amounting to €0.93 per share, up 5% compared to previous year. Dividend will be paid on 18 November 2021;
• Renewal of the mandates of Esther Gaide, Dominique D’Hinnin and Didier Leroy;
• The appointment of BPIFrance Investissement as a Board member. It will be represented by Paul François Fournier;
• Compensation of corporate officers and compensation policy.

The Board remains composed of 10 members, 50% of whom are women and 70% of whom are independent.

The outcome of the vote on the resolutions will be available on www.eutelsat.com.

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, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Around 7,000 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris, with offices and teleports around the globe, Eutelsat assembles 1,200 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 www.eutelsat.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20211104006023/en/

Investors

Joanna Darlington

Tel.: +33 1 53 98 31 07

jdarlington@eutelsat.com

Cédric Pugni

Tel.: +33 1 53 98 31 54

cpugni@eutelsat.com

Alexandre Illouz

Tel.: +33 1 53 98 46 81

aillouz@eutelsat.com

Source: Eutelsat Communications

FAQ

What is the dividend amount approved by Eutelsat Communications for financial year 2020-21?

Eutelsat Communications approved a dividend of €0.93 per share for financial year 2020-21.

When will Eutelsat's dividend be paid?

The dividend will be paid on November 18, 2021.

What percentage increase does the approved dividend represent?

The approved dividend represents a 5% increase compared to the previous year.

What key resolutions were approved at Eutelsat's Annual General Meeting?

Key resolutions included the approval of accounts, dividend payment, and Board member appointments.

Who were appointed as Board members during Eutelsat's Annual General Meeting?

BPIFrance Investissement was appointed as a Board member, represented by Paul François Fournier.