Latest news with #EuronextParis
Business Wire
3 days ago
- Business
- Business Wire
Delft University of Technology Joins Dassault Systemes' 3DEXPERIENCE Edu Center of Excellence Program, Boosting Tomorrow's Aerospace Workforce
VELIZY-VILLACOUBLAY, France--(BUSINESS WIRE)-- Dassault Systèmes (Euronext Paris: FR0014003TT8, and Delft University of Technology, the Netherlands' largest university of technology, today announced that TU Delft became the 28 th member of Dassault Systèmes' 3DEXPERIENCE Edu Center of Excellence global program, creating a unique opportunity for Dutch students and professionals to develop in-demand digital skills in aerospace, manufacturing automation and other sectors. The 3DEXPERIENCE Edu Center of Excellence label recognizes TU Delft as the first educational institution in the Netherlands to provide proven expertise in using and deploying Dassault Systèmes' cloud-based 3DEXPERIENCE platform for experiential and lifelong learning. TU Delft also becomes the first member to adhere to the revised charter of the program, which distinguishes a member's knowledge of virtual twins and the best practices emerging in generative industries. 'We're proud to become the first 3DEXPERIENCE Edu Center of Excellence in the Netherlands. It helps us to meet the growing demand for skilled talent to lead the digital transformation and accelerated innovation for a wide range of industries, from aviation to maritime, and the smart and flexible automation of manufacturing,' said Henri Werij, Dean Faculty of Aerospace Engineering, TU Delft. Stronger collaboration between industry, academia and technology leaders is crucial to develop innovative learning approaches that enhance employability and accelerate upskilling. Today's aerospace industry, in particular, requires highly skilled labor to sustain a culture of innovation, but faces challenges in replacing a retiring workforce to reduce the skills gap. Since its launch in 2021, the 3DEXPERIENCE Edu Center of Excellence program has trained thousands of graduates. As a 3DEXPERIENCE Edu Center of Excellence, TU Delft will develop programs bridging education and practice at SAM XL, its campus-based field lab focused on smart advanced manufacturing. Starting in September 2025, programs will engage university departments, applied sciences institutions and industry partners, applying the 3DEXPERIENCE platform to industry-relevant use cases. Students will learn to work with virtual twins, supported by platform-certified instructors, to prepare them for evolving and future jobs, while professionals in the lifelong learning curriculum of the university can upskill. 'We're thrilled to welcome TU Delft and its SAM XL field lab into our 3DEXPERIENCE Edu Center of Excellence program. This partnership leverages our ambition to provide 3D UNIV+RSES that combine virtual twins, industry-driven AI, and real-world applications to prepare future engineers for the generative economy. By co-developing programs with industry partners at SAM XL, TU Delft is helping close the skills gap and accelerate digital transformation. Together, we are shaping the next generation of aerospace excellence,' said Elisa Prisner, Executive Vice-President, Industry, Marketing and Sustainability, Dassault Systèmes. About Dassault Systèmes Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes' 3DEXPERIENCE platform, 370,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit: About TU Delft Delft University of Technology is the Netherlands' oldest and largest university of technology. The university has a strong foundation. As builder of the world-famous Dutch waterworks and pioneer in areas such as biotech, aerospace and maritime engineering TU Delft is a top international university combining science, engineering and design. TU Delft stands for world-class education, research and innovation to meet challenges in energy, climate, mobility, health and digital society. Generations of Delft engineers have proven to be enterprising problem solvers in business and social contexts. SAM XL SAM XL (Smart Advanced Manufacturing XL) is a manufacturing automation expertise centre that forms a unique liaison between TU Delft faculties, the industry and suppliers. The engineers develop software and hardware to enhance the intelligence, connectivity and flexibility of industrial robots. This industrial-scale automation lab functions as an incubator to validate and demonstrate the robot technology for executing complex and varied tasks on large structures. SAM XL also provides training to uplift digital skills in executing automation projects.
Business Wire
3 days ago
- Business
- Business Wire
BoConcept Chooses Dassault Systèmes' HomeByMe Solutions to Transform the Furniture Buying and Selling Experience
VELIZY-VILLACOUBLAY, France--(BUSINESS WIRE)-- Dassault Systèmes (Euronext Paris: FR0014003TT8, today announced a five-year partnership with BoConcept, a global leader in the affordable premium furniture industry, to bring new 3D room design and product configuration experiences to BoConcept's customers in 65 countries. BoConcept will integrate Dassault Systèmes' HomeByMe 3D space planner and product configurator into its customer buying journey, merging the virtual and real worlds in a fluid approach to shopping that centers on inspiration, lifestyle, personalization, collaboration, quality and efficiency. With HomeByMe, BoConcept responds to needs of discerning customers who value both online and in-store shopping experiences by combining endless possibilities to customize furniture to unique tastes and needs, with high-quality service that accelerates delivery. BoConcept can provide the experience and expertise of its designers in a more digital way, helping consumers create their own individual space in a journey that increases their satisfaction and accelerates BoConcept's sales. HomeByMe solutions include a 3D room planner that vendors can easily and intuitively use to design an interior in 3D, and a web-based product configurator that both vendors and customers can use to select and modify furniture colors, materials and sizes, and view them in a high-definition virtual twin. Customers can visualize their future interior and collaborate with vendors in BoConcept's 300 stores to finalize the design and purchase of their made-to-order furniture. BoConcept can accelerate the entire process through to delivery by facilitating a closer connection with customers over their designs, eliminating time-consuming manual sales processes, and providing data to the supply chain more efficiently. 'Personalization, individual style, and expression in the home are important to our customers who seek a strong digital experience and fast delivery times,' said Søren Hansen, head of IT, BoConcept. 'By partnering with Dassault Systèmes, our ambition is to elevate our customers' buying journeys and show our commitment to provide them with flexible interior design services and industry-leading customization of our made-to-order furniture. HomeByMe solutions will enable us to take these furniture buying and selling experiences to a new level.' 'Retailers who embrace technology that inspires customers to create their dream home lead the industry,' said Annabel Chaussat, CEO, 3DVIA, Dassault Systèmes. 'Virtual assets are the enabler of new products and services for end-consumers. At a time when 34% of Europeans say they want to use a configurator for their next living room furniture purchase, with HomeByMe, BoConcept can respond to this trend and position itself as a leader.' Dassault Systèmes' 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: ABOUT DASSAULT SYSTÈMES Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes' 3DEXPERIENCE platform, 370,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit:
Time of India
4 days ago
- Business
- Time of India
Maroc Telecom raises $330 million in bond issuance on local market
RABAT: Maroc Telecom , Morocco's largest telecoms operator, has raised 3 billion dirhams ($330 million) in its first private bond issuance on the domestic market, it said on Tuesday. The bond, with a two-year maturity and bullet repayment, was issued at a fixed rate of 2.37%, the company said in a statement. The money will help the company refinance a part of its debt and support its investments in 5G and fiber optic development, it said. Maroc Telecom, which is listed on the Casablanca stock exchange and on Euronext Paris, is 53% controlled by the UAE's Etisalat, while the Moroccan state holds a 22% stake. Besides Morocco, it operates subsidiaries in Benin, Burkina Faso, the Central African Republic, Chad, Gabon, Ivory Coast, Mali, Mauritania, Niger and Togo.
Business Wire
4 days ago
- Business
- Business Wire
Dassault Systèmes and Patrick Jouin Unveil 'Ta.Tamu,' Their Latest Collaboration Redefining Traditional Design
PARIS--(BUSINESS WIRE)-- Dassault Systèmes (Euronext Paris: FR0014003TT8, and the French designer Patrick Jouin today unveiled ' a lightweight, 3D-printed and functional chair, co-created using the 3DEXPERIENCE platform on the cloud. serves as a proof of concept for emerging, generative design processes that combine AI-powered virtual twins and the frugal use of materials to drive the generative economy. is the result of a four-year dialogue between Patrick Jouin's intuitive design approach and Dassault Systèmes' 3DEXPERIENCE platform. Designers and engineers redefined how a chair could be conceived — challenging traditional design methods, pushing formal and structural limits, and inventing new ways to minimize matter. Developed through enhanced ideation and concept development, and a life cycle assessment integrated early in the process, pioneering aesthetics were inspired by biomimicry and the structural logic of the human body, such as bone density and joint articulation. The light yet robust lattice structure weighs just 8.6 pounds (3.9 kg), can support 220 pounds (100 kg), and can be 3D printed in a flat, folded position without needing assembly. 'Nature uses only the energy and materials it needs. We wanted to apply this very simple philosophy to the development of With the help of new collaborative technologies of Dassault Systèmes, we are now able to come up with new ideas and make them possible, creating more efficiently while producing less waste, right from the design process,' said Jouin. Collaborating around an AI-powered virtual twin, design teams modeled and simulated the behavior of complex assembled components, using topological optimization to refine every joint, unfolding articulation, and zone of pressure and support. At each stage, the design evolved in real time through close interaction with the 3DEXPERIENCE platform, with changes updated and visible in the virtual twin. Teams modified the chair's geometry while balancing its aesthetics, resulting in an optimal design where gesture, function, and structure converge in a chair that weighs 75% less than it would have weighed at full density. 'To improve the world we live in, we have to change the way we produce, design and use materials. represents a call to action for industry to embrace a generative economy instead of continuing to create without limits,' said Anne Asensio, Vice President Design Experience, Dassault Systèmes. ' was created with the technology used to innovate sustainably in industrial contexts. As a science-based company, we want to create value for society in every aspect of people's lives through our 3DEXPERIENCE platform. Design processes integrating modeling and simulation from the start lead to innovations that improve real life.' ### About Dassault Systèmes Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes' 3DEXPERIENCE platform, 370,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit: About Patrick Jouin Patrick Jouin is a French designer and a graduate of ENSCI–Les Ateliers. In 1999, he founded his industrial design studio, Patrick Jouin iD. A pioneer in the use of 3D printing for furniture design, he created the Solid collection in 2004, the first series of furniture pieces produced directly from digital files, without molds or assembly. This milestone marked the beginning of an in-depth exploration of new ways to design and manufacture, rethinking forms, gestures, and structures in light of emerging technologies. Through objects such as One Shot, Bloom, and the monolithic bench at the Palais de Tokyo, Patrick Jouin has revealed the ability of these tools to generate intuitive, lightweight, and sometimes otherwise unattainable forms. Since 2019, he has been engaged in an experimental collaboration with Anne Asensio and the teams at Dassault Systèmes, exploring generative design, folding, and deployability.
Business Wire
19-06-2025
- Business
- Business Wire
Contemplated Capital Increase of € 1.35 Billion, to Secure the Execution of Eutelsat Long-Term Strategic Vision, Anchored by the French State and Other Reference Shareholders
PARIS--(BUSINESS WIRE)--Regulatory News: Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces a Contemplated capital increase of € 1.35 billion, anchored by key reference shareholders, to secure the execution of long-term strategic vision. Eutelsat is one of only two global operators with active commercial LEO (Low Earth Orbit) fleets and with a clear differentiation, being the only one exclusively focused on the B2B and B2G markets. While the global satellite connectivity market is expected to increase by 12% per annum between 2025 and 2029, the global LEO B2B connectivity market, valued at over $2.1 billion in 2025 1, is expected to grow at a 28% CAGR through 2029 and multiply its current size fivefold over the next eight years, offering significant short to long-term growth potential. The LEO revolution, both technological and industrial, has brought satellite communications into a new era, delivering affordable and ubiquitous connectivity at scale, with unprecedented customer experience for satcoms. This unlocks a huge market potential, from bridging the digital divide across all customer segments on a global basis, to unlocking numerous new use cases, such as mobility over land, sea and air. Barriers to entry into LEO – in particular access to, and the requirement to share spectrum secured by Eutelsat - mean only a limited number of players will participate in the massive growth ahead, creating compelling conditions for value creation. Eutelsat, the only GEO-LEO operator, and the only European operator with a fully operational LEO network, uniquely positioned to capture the momentum in the connectivity market Eutelsat is uniquely positioned to capture this market opportunity, thanks to its legacy, fully-invested high cash-flow generating GEO business, its operational scale, commercial momentum, and targeted focus on professional and institutional use cases. Since its acquisition of OneWeb, it has expanded its coverage – now expected to be fully achieved in calendar year-end 2026, secured regulatory approvals in many addressable markets, developed its distribution network and improved its offer with consistent service levels, as evidenced by a backlog of €3.7bn revenues, mostly coming from Connectivity. Going forward, Eutelsat leadership will build upon its operations improvements (e.g. hosted payloads, additional deployment of Satellite Network Portals) a differentiated go-to-market model (focused on B2B/B2G), a resilient GEO-LEO offering, and a strong European anchoring. Its priority spectrum rights grant Eutelsat a unique benefit in the exploitation of spectrum resources and coordination with other LEO players. As the only European operator with a fully operational LEO network, Eutelsat is positioned to play a strategic role in supporting critical sectors such as military communications, cyber-resilience, and secure government connectivity, fully aligned with European Union and NATO objectives for strategic autonomy. The landmark 10-year framework agreement announced earlier this week with France's Ministry of the Armed Forces, aimed at strengthening the integration of civilian and military assets (Nexus program), for a maximum amount of €1 billion, illustrates the strategic role of the LEO constellation in France's model for sovereign defense and space communications. Moreover, with its role as the largest private investor in the European Union's IRIS² (Infrastructure for Resilience, Interconnectivity and Security by Satellite) program, the public-private partnership aiming to build a multi-orbit constellation delivering secure communication services to the EU and its Member States, Eutelsat confirms its status as a central player in assuring Europe's space and connectivity sovereignty. €1.35 billion equity capital increase to be executed by year-end to fulfill strategic plan and longer-term ambitions Eutelsat is contemplating raising €1.35 billion of capital by way of (i) a reserved capital increase of €716 million at a price per share of €4 corresponding to a +32% 2 premium to the 30-day-VWAP of the shares as computed on Euronext Paris (the 'Reserved Capital Increase'), which would be subscribed by the French State via the Agence des Participations de l'Etat ('APE') 3, Bharti Space Limited, CMA CGM, and Le Fonds Stratégique de Participations ('FSP'), and (ii) a rights issue of €634 million (the 'Rights Issue'), which would be subscribed for their rights by the above investors. Prior to the approval of the Reserved Capital Increase by Eutelsat's shareholders, the APE will acquire the shares of the Company currently held by Bpifrance Participations, at a price per share equal to the subscription price of the Reserved Capital Increase. Consequently, the Board member representing Bpifrance Participations would be replaced by a representative of the French State. This capital increase would represent a pivotal step in Eutelsat's strategic and financing roadmap, enabling the execution of its strategic vision. Coupled with a dedicated debt refinancing plan, this capital increase will reinforce the Company's financial flexibility by accelerating its deleveraging and support investment in its existing Low Earth Orbit (LEO) capabilities and the future IRIS² constellation. On the back of the forthcoming capital increase, Eutelsat would reduce its leverage to c. 2.5x 4 by year-end FY'2025-26, and would be well placed to tap debt capital markets, raise export credit financing and extend its bank debt maturities in order to fully cover the financing needs of its medium-term plan. The French State via the APE, Bharti Space Limited, CMA CGM, and FSP (together the 'Reserved Capital Increase Investors') have entered into commitments to subscribe to the Reserved Capital Increase and the Rights Issue pro-rata their shareholding post the Reserved Capital Increase. Such commitments are 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. The capital increase has been unanimously approved by the Eutelsat Board members present or represented. Subject to the above, the Reserved Capital Increase Investors have also committed to vote in favor of the transaction at the extraordinary shareholders' meeting (which would implement the governance 5 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. The Reserved Capital Increase and the Rights Issue are expected to be completed by the end of calendar 2025 at the latest. The Reserved Capital Increase would be subscribed by the French State via APE for €526.4 million, Bharti Space Limited for €31.4 million, CMA CGM for €100.4 million, and FSP for €57.8 million. Discussions are ongoing with other interested investors, including His Majesty's Government 6, which could join the capital raise in due course. Following the two transactions, and subject to participation from investors, the French State would hold a stake of 29.99% of the capital and voting rights, while Bharti Space Limited, CMA CGM and FSP would respectively hold 18.70%, 7.81% and 5.22% of the share capital and voting rights, being specified that the Reserved Capital Increase Investors would not be in a position to launch a public takeover. Financial outlook: solid growth and an industry-leading margin Eutelsat demonstrates some of the most attractive growth and profitability prospects in the sector, with revenue expected to range between €1.5 and €1.7 billion by the end of FY'2028–29 7, supported by the strong momentum of LEO revenues, which are significantly outperforming the market. Operating leverage is expected to drive mid-to-high-single-digit percentage point improvements in EBITDA margin 8, resulting in a margin of at least 60% by FY'2028-29. In the longer-term (post FY'2028-29), B2B connectivity market is expected to pursue its growth at a double-digit rate, mostly driven by LEO market expansion. For FY'2025-26 9, Eutelsat targets revenues in line with, and an adjusted EBITDA margin slightly below, those of FY'2024-25, notably due to the impact of Russian sanctions in the Video Business. Benefitting from commercial momentum, LEO revenues are expected to grow by 50% year-on-year. Eutelsat confirms its objectives for FY'2024-25, to be published on 5th August, of Operating Vertical Revenues around the same level as FY'2023-24 and an adjusted EBITDA margin slightly below the level of FY'2023-24. Gross capital expenditure is expected in a range of €500-600 million. Gross capital expenditures are expected to reach approximately €1.0 to €1.1 billion in fiscal year 2025–26, reflecting the timing of key milestones— including the order of an initial batch of 100 additional satellites starting in December 2024, as well as the procurement of 340 more satellites for the current LEO constellation. From 2025–26 onwards, gross capex will be focused on LEO activities, in line with the Group's strategic vision, primarily for the Gen-1 follow-on program (with a total envelope of €2 billion between 2024–25 and 2028–29). Gross capex will also be deployed for GEO operations to ensure service continuity. Lastly, a gross capital expenditure envelope of around €2 billion will be allocated to the deployment of IRIS 2, for the essential starting from 2027–28 onwards. The abovementioned capital increases would secure Eutelsat's deleveraging path, with Net Debt/EBITDA estimated at c.2.5x by year-end FY'2025-26, ensuring a robust and self-funded financing structure. Jean-François Fallacher, CEO of Eutelsat Group, stated: ' Eutelsat enters a new chapter, centered on the deployment of LEO, a major innovative and technological revolution for the Satellite industry. Thanks to its differentiated GEO-LEO positioning and global coverage, Eutelsat is ready to become a central player in the development of the European sovereign space of tomorrow. I welcome the contemplated capital increase which will give Eutelsat the requisite financing to implement its strategic roadmap. I am grateful for the support of the French State and the ongoing commitment of our other anchor shareholders – Bharti, CMA CGM and FSP and thank them for their confidence.' Eric Lombard, Minister for the Economy, Finance and Industrial and Digital Sovereignty, stated: ' The French State is proud to contribute to strengthening Eutelsat's capital structure and support the company at pivotal stage of its development. This transaction reflects our strong commitment towards a major player in satellite connectivity — a strategic sector at the heart of Europe's digital sovereignty — while fostering remarkable potential for technological innovation and sustainable economic growth. Through this transaction, France reaffirms its determination to build, together with the company and its European partners, a competitive, resilient, and sovereign space industry, particularly around the IRIS² program, which is a key pillar of our strategic autonomy. We are convinced that the company's solid fundamentals — its recognized expertise in geostationary orbit, its innovative solutions in low Earth orbit, its committed team, and its ambitious vision — are the foundations for lasting success. Eutelsat is opening a new chapter in its history, and the State will be fully present to help write it alongside the company.' +++ENDS+++ THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE EU MARKET ABUSE REGULATION 596/2014, AS AMENDED AND THE UK MARKET ABUSE REGULATION. Note: Goldman Sachs Bank Europe SE, Ravel & Co. and Rothschild & Co. are acting for Eutelsat in connection with the transaction. Bredin Prat and Linklaters are acting as legal counsels to Eutelsat. About Eutelsat Group Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 34 Geostationary satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. The Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group's unique suite of in-orbit assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,500 people across more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL). Find out more at DISCLAIMER The forward-looking statements included herein are for illustrative purposes only and are based on management's views and assumptions as of the date of this press release. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this press release to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable regulation. The information contained in this press release is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable. No communication and no information in respect of the transaction referred to in this press release may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction (other than France and United Kingdom) where such steps would be required. The issue, subscription for or purchase of Eutelsat Communications' securities may be subject to specific legal or regulatory restrictions in certain jurisdictions. Eutelsat Communications assumes no responsibility for any violation of any such restrictions by any person. This press release is not and should not be construed as a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended (the ' Prospectus Regulation ') or Prospectus Regulation as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the ' UK Prospectus Regulation '). In the context of the transaction, the Company will make available to its shareholders the preparatory documents and information in accordance with the French Commercial Code, including the report of the Board of Directors prior to the holding of the proposed ordinary and extraordinary general meeting. In accordance with the Prospectus Regulation and the UK Prospectus Regulation, the Company will also make available: (a) a French voluntary prospectus relating to the rights issue prepared in accordance with the Prospectus Regulation that will be submitted for the approval of the French financial markets authority (Autorité des marchés financiers) in connection with the public offering in France and the admission on Euronext Paris of the new shares issued in the rights issue, (b) an information document prepared in accordance with Annex IX of the Prospectus Regulation and to be made available pursuant to Article 1(5)(b bis) of the Prospectus Regulation relating to the admission on Euronext Paris of the new shares issued in connection with the reserved capital increases, and (c) a prospectus prepared in accordance with the Prospectus Regulation Rules of the Financial Conduct Authority (' FCA ') made under section 73(A) of the Financial Services and Markets Act 2000 and to be approved by the FCA, in respect of the applications for the new shares to be issued in connection with the reserved capital increases and the rights issue to be admitted to the equity shares (international commercial companies secondary listing) segment of the Official List of the FCA and to trading on the London Stock Exchange's main market for listed securities. With respect to the member States of the European Economic Area other than France (the ' Member States '), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring the publication of a prospectus in any Member States. As a result, any securities of Eutelsat Communications may only be offered in Member States (i) to qualified investors, as defined by the Prospectus Regulation; (ii) to fewer than 150 natural or legal persons per Member State, other than qualified investors (as defined in the Prospectus Regulation) ; or (iii) in any other circumstances, not requiring Eutelsat Communications to publish a prospectus as provided under Article 1(4) of the Prospectus Regulation; and provided that none of the offers mentioned in paragraphs (i) to (iii) above requires the publication of a prospectus by Eutelsat Communications pursuant to Article 3 of the Prospectus Regulation, or a supplement to the Prospectus Regulation pursuant to Article 23 of the Prospectus Regulation. With respect to the United Kingdom, no action has been undertaken or will be undertaken to make an offer to the public of securities requiring the publication of a prospectus in the United Kingdom. As a result, any securities of Eutelsat Communications may only be offered in the United Kingdom (i) to qualified investors, as defined under Article 2 of the UK Prospectus Regulation; (ii) to fewer than 150 natural or legal persons, other than qualified investors (as defined under Article 2 of the UK Prospectus Regulation); or (iii) in any other circumstances falling within Section 86 of the Financial Services and Markets Act 2000 (the ' FSMA '), provided that no such offer shall require Eutelsat Communications to publish a prospectus pursuant to Section 85 of the FSMA or supplement a prospectus pursuant to Article 23 of the UK Prospectus Regulation. This press release and any other materials in relation to the securities of Eutelsat Communications have not been made, and have not been approved, by an ' authorised person ' within the meaning of section 21(1) of the Financial Services and Markets Act 2000. As a consequence, this press release is directed only at persons who (i) are located outside the United Kingdom, (ii) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the ' Order '), or (iii) are high net worth body corporates, unincorporated associations or partnerships, trustees of a high value trust and other persons to whom it may be lawfully communicated within Article 49(2)(a) to (e) of the Order (all such persons mentioned in paragraphs (i), (ii) and (iii) collectively being referred to as ' Relevant Persons '). Any securities are intended only for Relevant Persons and no invitation, offer or agreements to subscribe, purchase or acquire the securities may be proposed or made other than with Relevant Persons. Any person other than a Relevant Person may not act or rely on this press release or any provision thereof. This press release is not a prospectus which has been approved by the Financial Conduct Authority or any other United Kingdom regulatory authority within the meaning of Section 85 of the FSMA. This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered, subscribed or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the ' U.S. Securities Act '), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements thereof. The securities in respect thereof have not been and will not be registered under the U.S. Securities Act and Eutelsat Communications does not intend to make a public offer of its securities in the United States. The distribution of this press release in certain countries may constitute a breach of applicable law. The information contained in this press release does not constitute an offer of securities for sale in the United States, Canada, Australia or Japan. Goldman Sachs Bank Europe SE (« GSBE ») and Rothschild & Co ( acting exclusively for Eutelsat Communications and no one else in connection with the proposed transaction and will not regard any other person as its respective clients and will not be responsible to anyone other than Eutelsat Communications for providing the protections afforded to its respective clients in connection with the proposed transaction or otherwise, nor for providing any advice in relation to the proposed transaction, the content of this press release or any transaction, arrangement or other matter referred to herein. None of GSBE or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this press release (or whether any information has been omitted from this press release) or any other information relating to Eutelsat Communications, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. 1 Market value and growth figures sourced from Euroconsult and Novaspace 2 Volume Weighted Average Price over the last 30 trading days, €3.02 as at close of June 18 (Source: Bloomberg) 3 The French Government to invest via Agence des Participations de l'Etat ('APE') vehicle 4 After impact from passive ground segment partial disposal of €0.5bn 5 At this stage, the non-concert agreement would provide the Investors in the Reserved Capital Increase a board representation, proportional to their shareholding (with half of the board composed of independent directors). 6 via The Secretary of State for Science, Innovation and Technology of the United Kingdom. 7 After impact from passive ground segment partial disposal. 8 Including an estimated annualized adjusted EBITDA impact of €(75-80)m due to passive ground segment partial disposal. 9 Before impact from passive ground segment partial disposal.
