SESGL SES SA FDR (Class A)

SES: Management Disclosure

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
         
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name Christophe de Hauwer
 
2. Reason for the notification
a) Position / status Chief Development Officer, Member of the Executive Committee
b) Initial notification / amendment Initial notification
 
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name SES  
b) LEI 5493008JPA4HYMH1HX51  
 
4. Details of the transaction(s)

section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Fiduciary deposits receipts
  Identification code7 LU0088087324
b) Nature of the transaction Buy
c) Price(s) and volume(s) Price(s) Volume(s)
19.75 € 500
d) Aggregated information  
— Aggregated volume  
— Price  
e) Date of the transaction 2-Dec-16
f) Place of the transaction Euronext Paris

EN
05/12/2016

Underlying

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Reports on SES SA FDR (Class A)

Ben Rickett ... (+2)
  • Ben Rickett
  • James Ratzer

SES (Neutral, €5.2, +1%) Credit downgrade to high yield

Moody’s has downgraded SES credit from investment grade to high yield, following the weak Q3 results. In this note we discuss the impact of the downgrade and review Moody’s forecasts for the business.

Carole Braudeau
  • Carole Braudeau

Credit Morning 12/18/2025

Moody’s downgrades SES rating from Baa3/negative to Ba1/stable|ams OSRAM launches a € 300m tender offer on the 2027 convertible bonds|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 18/12/2025

Moody’s dégrade le rating de SES de Baa3/négative à Ba1/stable|ams OSRAM lance une offre d’achat de 300 m EUR sur les obligations convertibles 2027|

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/SES

Telecom: SES - Moody's ratings lowered to high yield

Ben Rickett ... (+2)
  • Ben Rickett
  • James Ratzer

SES (Neutral, €5.0, -10%) (previously €6.5) Can C-band save the credi...

We update numbers following the Q3 results, which were materially weaker than expected. We reduce our Adj. EBITDA forecast by −6% and now expect adjusted leverage to reach 4.0x at year-end, rising further over the medium term due to elevated capex for mPOWER and IRIS2

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