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PARIS - Eutelsat Communications (Euronext Paris / London Stock Exchange:ETL) held its Combined Annual General Meeting in Paris on Thursday, with shareholders approving all proposed resolutions.
Key approvals included the company’s annual and consolidated financial statements, as well as several regulated agreements concluded during the year. These agreements involved subscription commitments with the French State, Bharti Space Limited, the UK Government, CMA CGM Participations, and the Fonds Stratégique de Participations.
Shareholders also renewed the board mandates of Bharti Space Limited, Florence Parly, and Éric Labaye as Directors, and approved the remuneration of corporate officers and the remuneration policy.
The meeting granted authorization to the Board of Directors to acquire and potentially cancel company shares.
Prior to the meeting, the Board removed from the agenda the 34th resolution regarding a capital reduction motivated by losses, in order to preserve this option if needed to secure a rights issue. Resolutions 36 to 45, concerning delegations for share issuance without preferential subscription rights, were also withdrawn to align with the capital increase timetable.
Eutelsat, formed through the combination with OneWeb in 2023, operates as a GEO-LEO satellite operator with 34 Geostationary satellites and over 600 Low Earth Orbit satellites. The company serves customers across video distribution and connectivity markets, broadcasting approximately 6,400 television channels globally.
The information in this article is based on a company press release.
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