- EUTELSAT COMMUNICATIONS AND THE STOCK EXCHANGE
At what price was Eutelsat Communications share offered on the stock exchange?
The first quotation of Eutelsat Communications' shares on Euronext Paris' Eurolist took place on December 2, 2005. The IPO price was 12 euros per share.
Where can I find documents relative to the IPO of Eutelsat Communications?
The reference document approved by the Autorité des Marchés Financiers (AMF) on October 10, 2005 (n° 05-710), and the offering memorandum (visa n° 05-818 as of November 28, 2005) are available on the Group website. These documents can also be accessed on the website of the Autorité des Marchés Financiers: www.amf-france.org.
The information provided in these documents will enable you to understand the Group's activity, its economic and competitive environment, its growth strategy and the details of the financial operation.
These documents can also be sent on request to:
70 rue Balard
Tel.: +33 (0) 1 53 98 35 30
Can I invest Eutelsat Communications stock in a PEA (Share Savings Account)?
Yes. Eutelsat Communications stock can be held in a PEA.
Will I be charged management fees?
Your bank will charge management fees. We recommend you contact your financial intermediary for the exact amount of the relevant fees.
Is it possible to convert bearer shares to registered shares?
Yes, Eutelsat Communications stock can be converted into registered shares on request to your financial intermediary.
Eutelsat Communications registered shares service is managed by:
BNP PARIBAS Securities Services
Les Grands Moulins de Pantin
9, rue du débarcadère
93761 Pantin Cedex
Téléphone : 0826 109 119 (0,15 €/m)
Fax : +33 (0) 1 40 14 58 90
How are Eutelsat shareholders kept informed on the latest news from their company?
The Group also holds regular information meetings for shareholders.
Shareholders can also request information by contacting Group headquarters:
70 rue Balard
F-75502 PARIS CEDEX 15
Tel.: +33 (0) 1 53 98 35 30
What is the history of dividends paid?
The Eutelsat Communications Annual General Meeting of 7 November 2014 approved a dividend of 1.03 euro per share, to be paid on December 11, 2014.
The following amounts were distributed per share in previous financial years:
Financial Year Amount distributed per share 2012-2013 1.08 euro paid November 21, 2013 2011-2012 1.00 euro paid November 21, 2012 2010-2011 0.90 euro paid November 22, 2011 2009-2010 0.76 euro paid November 16, 2010 2008-2009 0.66 euro paid November 19, 2009 2007-2008 0.60 euro paid November 18, 2008 2006-2007 0.58 euro paid November 14, 2007 2005-2006 0.54 euro paid November 15, 2006
What is the capital structure of Eutelsat Communications?
As of June 30, 2016, Eutelsat Communications’ capital is distributed as follows:
What are the growth prospects for Eutelsat Communications?
The EBITDA margin is targeted at above 76.5% for each of the next two fiscal years.
The Group targets revenue growth of 2-3% for FY 2015-16. In FY 2016-17 growth is set to accelerate, with an objective of 4-6%.
What is the Group's net debt?
At June 30, 2015 net debt was 3 841 €million (compared with €3 779 million at June 30, 2014).
The net debt to EBITDA ratio for the 2043-2015 financial year was 3.4x (2) times compared to 3,5 times a year ago.
What is the mid-term level of net debt targeted?
The Group will maintain a sound financial structure and targets a net debt to EBITDA ratio below 3.3x, for a solid investment grade credit rating.
What dividend was proposed for the fiscal year 2014-2015?
On 29 July 2015, the Board of Directors agreed to submit for approval at the 5 November 2015 Annual Meeting of Shareholders a dividend of €1.09 per share for FY 2014-15 versus €1.03 last year, up 6%.
This represents a pay-out ratio of 70% of Group share of net income, consistent with the group’s policy of a pay-out ratio of 65% to 75%, reflecting its commitment to shareholder remuneration.
- At what price was Eutelsat Communications share offered on the stock exchange?
- EUTELSAT COMMUNICATIONS AND ITS ORGANISATION
How is Eutelsat Communications organised?
Corporate governance of the Group is entrusted to a Board of Directors with nine members. The function of Chief Executive Officer is assumed by the Chairman of the Board of Directors.
What is the legal structure of the Group?
Eutelsat Communications is a Limited Company with a Board of Directors. Via several subsidiaries it holds 96,34% of the capital of Eutelsat SA, which is a Limited Company.
Where are the headquarters of Eutelsat Communications?
Group headquarters are located at:
70 rue Balard
What is the workforce of the Group?
The Group has 1000 employees, representing 37 different countries.
What is the periodicity of your financial publications?
Preparation of financial reports takes place according to French regulations:
- Consolidated accounts for the second half (end December) and the full financial year
- Turnover on a quarterly basis (end September and end March).
The calendar of financial publications is regularly updated in the estimated Financial Calendar section of the website.
- How is Eutelsat Communications organised?
- Stock dividends
What is a stock dividend payment?
There are several forms of dividend payments: the most common form is dividend paid in cash, but dividends may also paid in shares. In this case, the shareholder receives a whole number of shares, and the residual amount that is insufficient to buy a whole share is paid in cash.
Following a vote by the General Shareholders' Meeting held on 05 November 2015, this payment option has been proposed to Eutelsat Communications' shareholders.
Each shareholder may elect to receive the dividend payment either in cash or in new shares.
What is the issuance price of these newly-issued shares and how is it calculated?
The issuance price of the newly-issued shares is set at €25.94.
As required by law, these new shares are issued at a price representing 90% of the average opening prices on Euronext Paris over the 20 trading days preceding the date of the General Meeting of Shareholders, reduced by the dividend amount and rounded up to the next highest euro cent.
If the amount of the dividend does not correspond to a whole number of shares, the shareholder shall receive the immediately lower number of shares and the balance in cash.
How will shareholders be notified of how many new shares they may subscribe for?
Shareholders who wish to receive payment of their dividends in shares are notified by BNP Paribas Securities Services (for those having a registered securities account) or through their financial intermediaries (namely their banks) starting 16 November 2015 by filling an election form for a stock dividend payment, which states the number of shares they are entitled to receive.
May a shareholder elect to receive a different number of shares from the one proposed?
No, shareholders may only opt for the number of shares indicated in their election form.
Furthermore, the option exclusively concerns payment in shares of the entire amount of the allocated dividend.
Failing to elect payment in shares, the shareholder will automatically receive the dividend payment in cash.
When are shareholders required to communicate their choice?
Shareholders may indicate their choice as soon as they receive their election forms from BNP Paribas Securities Services or their financial intermediaries as from 16 November 2015.
Only shareholders wishing to receive payment of their dividends in shares need to communicate their choice, by sending back their election forms completed and signed to BNP Paribas Securities Services or to their financial intermediaries.
Is there a deadline for communicating one's choice?
The election form must be received by BNP Paribas Securities Services or the financial intermediaries before 30 November 2015 (postal deadlines must be taken into account for election forms sent by mail).
On which date is it necessary to hold Eutelsat Communications shares to be entitled to a dividend and opt for a payment in shares?
As a general rule, to receive a dividend paid on a share, it is necessary to hold the share on the day on which it goes ex coupon. In the case of a stock dividend payment, the dividend is payable on the first day of the option period available for the shareholder.
For a dividend distributed in respect of the financial year ended 30 June 2015, the ex-dividend date is 16 November 2015. Shareholders must have purchased EUTELSAT COMMUNICATIONS shares entitling them to such dividend at latest during the trading date of 13 November 2015 ("record date").
- What is a stock dividend payment?