Eutelsat Secures Shareholder Approval for Capital Increase and New Directors
Eutelsat Communications has secured shareholder approval for a significant capital one increase and the appointment of new directors. The company will also unveil its quarterly results next month.
Shareholders have authorized Eutelsat to issue new shares to major investors, including the French State, Bharti Space, the UK government, CMA CGM, and Fonds Stratégique de Participations. This move aims to strengthen the company's financial position.
In addition to the capital one increase, Eutelsat's shareholders have approved the appointment of Michel Combes, Lucia Sinapi-Thomas, and Eric Labaye as directors of the company. Further, Jean-Baptiste Massignon and Jérémie Gué were also appointed as directors, subject to certain conditions precedent. Massignon's appointment is set for October 6, 2025, provided that the conditions are met.
Eutelsat has received permissions to increase the number of shares to reflect these capital increases. The company will hold its quarterly results announcement on October 6th, following the shareholder approvals and new appointments.
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