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BETZDORF,
Luxembourg, April 23,
2004/Satnews/
SES GLOBAL (Luxembourg and Frankfurt Stock Exchange: SESG)
announced a potential secondary offering of approximately 67
million Class A shares in the form of FDRs (Fiduciary
Depositary Receipts) by existing shareholders. These FDRs will
be offered internationally to institutional investors.
It is planned
to combine the potential offering with a listing on Euronext
Paris in addition to SES GLOBAL's current listings in
Luxembourg and Frankfurt. Trading of SES GLOBAL FDRs on
Euronext Paris may begin on or about 5 May 2004 under the
symbol SESG as part of an
offering worth more than 500 million euros ($593.5 million) to
boost the value of its shares.
All identifiable shareholders
of SES GLOBAL holding one per cent or more of the equity of
the company have been given the opportunity to participate in
the secondary offering, according to a company statement.
Together, these shareholders and SES GLOBAL have agreed not to
sell, issue or otherwise dispose of any shares or FDRs for a
period of 180 days following completion of the offering.
Deutsche Bank AG London,
Dresdner Kleinwort Wasserstein, Morgan Stanley & Co
International and Societe Generale are the joint bookrunners
to the offering. In connection with the offering, certain
selling shareholders may grant the joint bookrunners an option
to purchase approximately 5 million additional FDRs for the
sole purpose of covering over-allotments, if any.
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