SES has released the results of its Annual General Meeting (AGM) held on April 3rd. All of the motions were carried, but there were some notable objections which while not affecting the end result proved that not all of the proposed motions were 100 per cent supported. For example, Agenda item 10 (“Determination of the […]

One of the main complaints from an SES major shareholder, Appaloosa (which holds 7 per cent of SES) was the company’s poor dividend policy. However, SES used its report to shareholders ahead of its AGM on April 4th to explain in some detail how its dividend policy would evolve, and in some respects answer at […]

Investment house Appaloosa LP, which holds funds worth more than 7 per cent of satellite operator SES, has been denied its suggestions to modernise its boardroom, shareholder structure and dividend policy. SES, in response to Appaloosa, said: “SES appreciates the perspectives of all our shareholders and their constructive ideas about our business. While the Company […]