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The United Kingdom to Participate in Contemplated Capital Increase Announced by Eutelsat on June 19, 2025, Taking the Total Amount to €1.5 Billion
LONDON, July 10, 2025--The United Kingdom to participate in contemplated capital increase announced by Eutelsat on June 19, 2025, taking the total amount to €1.5 billion.
About this update from Eutelsat Communications Sa
[{"type":"text","content":"LONDON, July 10, 2025--(BUSINESS WIRE)--","length":40,"tagName":"p"},{"type":"text","content":"Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces that The United Kingdom1 is to participate in the contemplated capital increase announced by Eutelsat on June 19, 2025. This additional participation from another key reference shareholder will increase the total amount to be raised to €1.5 billion, further underpinning the execution of Eutelsat’s long-term strategic vision.","length":412,"tagName":"p"},{"type":"text","content":"His Majesty’s Government, via The Secretary of State for Science, Innovation and Technology of the United Kingdom, has joined The French State via the APE (Agence des Participations de l’Etat), Bharti Space Limited, CMA CGM, and FSP (together the "Reserved Capital Increase Investors") in a commitment to subscribe to the Reserved Capital Increase and the Rights Issue pro-rata its shareholding post the Reserved Capital Increase, for a total amount invested of €163.3 million.","length":487,"tagName":"p"},{"type":"text","content":"The commitments of the Reserved Capital Increase investors remain subject to, inter alia, shareholders’ approvals at an Extraordinary Shareholders’ Meeting to be held around the end of the third quarter of calendar 2025, customary regulatory approvals, as well as the execution, under mutually acceptable conditions, of an amended, non-concerting shareholders’ agreement reflecting the ownership structure post Reserved Capital Increase. Subject to the above, the Reserved Capital Increase Investors have also committed to vote in favour of the transaction at the extraordinary shareholders’ meeting (which would implement the governance2 changes in connection with the Reserved Capital Increase and during which the Company will also request new authorisations for the Rights Issue) and to maintain their share ownership until the launch of the Rights Issue.","length":859,"tagName":"p"},{"type":"text","content":"The Reserved Capital Increase would amount to €828 million, to be subscribed by the French State via APE for €551 million, Bharti Space Limited for €30 million, His Majesty’s Government for €90 million, CMA CGM for €100 million, and FSP for €57 million. The subsequent Rights Issue would amount to €672 million.","length":311,"tagName":"p"},{"type":...