Business
Eutelsat Announces the Success of Its c.€670 Million Rights Issue, Part of Its €1.5 Billion Capital Raise
LONDON, December 12, 2025-- Not to be published, distributed or circulated directly or indirectly in the United States, Canada, Australia, Japan or South Africa.
About this update from Eutelsat Communications Sa
[{"type":"text","content":"LONDON, December 12, 2025--(BUSINESS WIRE)--","length":44,"tagName":"p","attribs":{}},{"type":"text","content":"Not to be published, distributed or circulated directly or indirectly in the United States, Canada, Australia, Japan or South Africa.","length":133,"tagName":"p","attribs":{}},{"type":"text","content":"Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) Eutelsat (the "Company") announces today the success of its share capital increase with shareholders’ preferential subscription rights for a gross amount of approximately €670 million (the "Rights Issue"). The proceeds of the Rights Issue, combined with the proceeds of the Reserved Capital Increases (as such term is defined below) completed on November 21st, 2025, will be used to reinforce its financial structure and fund its strategic ambitions.","length":546,"tagName":"p"},{"type":"text","content":"Jean-Francois Fallacher, Chief Executive Officer of Eutelsat commented: "The strong support for our €670 million rights issue reflects the continued confidence of our shareholders in Eutelsat’s long-term strategic roadmap. Together with the reserved capital increases, this transaction significantly strengthens our financial structure and gives us the means to support the deployment of our LEO activities while maintaining a disciplined deleveraging trajectory"","length":473,"tagName":"p"},{"type":"text","content":"Results of the Rights Issue","length":27,"tagName":"p"},{"type":"text","content":"The Rights Issue (including issue premium) amounts to €669,775,132.80 and will result in the issue of 496,129,728 new shares (the "New Shares") at a subscription price of €1.35 per New Share (i.e. €1.00 nominal value and €0.35 issue premium).","length":252,"tagName":"p"},{"type":"text","content":"Following the subscription period which ended on December 9th, 2025, total demand amounted to approximately €891,581,211, representing a subscription rate of approximately 133%:","length":177,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"476,022,088 New Shares have been subscribed on an irreducible basis ("à titre irréductible") representing approximately 96% of the New Shares to be issued;","length":165,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Orders submitted on a redu...