PARIS - The Ordinary and Extraordinary Annual General Meeting of Eutelsat Communications (OTC:EUTLF) shareholders took place today in Paris, resulting in the approval of all resolutions presented. The meeting saw the reaffirmation of Eva Berneke's role as a Board member and the ratification of Hanwha Systems UK Ltd's representation by Mrs. Joo-Yong Chung on the Board.
Shareholders consented to the appointment of Ernst & Young et Autres and Forvis Mazars SA as statutory auditors for sustainability reporting certification. Additionally, the compensation for corporate officers and the compensation policy received approval. The Board of Directors was also authorized to buy back the Company's shares and, if deemed necessary, to cancel them.
Further empowering the Board, the shareholders granted authorization to distribute free ordinary shares of the Company to eligible employees and corporate officers. Eutelsat's Board now consists of 15 members, with a majority of 60% women and two-thirds being independent members.
The detailed results of the vote on the resolutions will be made accessible on Eutelsat's official website. Eutelsat Group, a global leader in satellite communications, emerged from the merger of the Company and OneWeb in 2023. It operates as the first fully integrated GEO-LEO satellite operator, boasting a fleet of 35 GEO satellites and a LEO constellation of over 600 satellites.
The Group caters to customer needs across four key verticals: Video, Mobile Connectivity, Fixed Connectivity, and Government Services. It distributes over 6,500 television channels and is committed to providing safe, resilient, and environmentally sustainable connectivity solutions. With more than 1,700 employees in over 50 countries, Eutelsat Group's headquarters are located in Paris, and it is listed on both the Euronext (EPA:ENX) Paris and London Stock Exchange (LON:LSEG) under the ticker ETL.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.