SES: towards cancellation of treasury shares

(CercleFinance.com) - SES announced on Tuesday that it had increased its treasury stock holding to 7.
15% of voting rights following the acquisition, last week, of some 5.5 million shares under its share buyback program.

In a financial notice, the satellite operator specifies that these 5.5 B shares bought back are to be cancelled, which will mechanically lead to a reduction in the total number of outstanding shares making up its capital.

Following this announcement, SES shares fell by 1.5% on Tuesday morning on the Paris Bourse, bringing their decline since the start of the year to almost 47%, taking them to historic lows.

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