SES GLOBAL eligible for Euronext Paris Deferred Settlement Service (SRD)
Euronext Paris announced on 30 November that SES GLOBAL (Euronext Paris and Luxembourg Stock Exchanges: SESG), the world's premier satellite operator, will be eligible for the Deferred Settlement Service (SRD or Service du Règlement Différé) as from 26 January 2005. The SRD offers investors enhanced trading conditions through deferred settlement of trades as well as providing additional depth and liquidity for institutional investors. SES GLOBAL successfully listed on Euronext Paris Premier Marché on 5 May 2004. A placing of 67 million class A shares, in the form of FDRs, was simultaneously effected by certain selling shareholders, a move which was designed to increase SES GLOBAL's free float and boost the trading liquidity of its shares. SES GLOBAL's free float further increased to over 40% following the placing of Deutsche Telekom 's remaining holding in SES GLOBAL on 17 November 2004. Romain Bausch, President & CEO of SES GLOBAL, stated: "We are very pleased with this Euronext Paris decision which clearly demonstrates the success of our Paris listing. Within a few months, Paris has naturally become the main place for the trading of our shares. In turn, being eligible for the SRD will help to further increase the liquidity of our shares and enhance shareholder value." Euronext's decision was released in its notice n° 2004 - 3868 dated 30 November, 2004. For further information please contact:
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