Eutelsat shareholders approve capital increase and board appointments

Eutelsat (Euronext Paris/London Stock Exchange: ETL) announced that shareholders approved all resolutions at its general meeting held on September 30, 2025, according to a company statement.

The meeting ratified appointments of Michel Combes, Lucia Sinapi-Thomas, and Eric Labaye as directors. Shareholders also approved the conditional appointments of Jean-Baptiste Massignon and Jérémie Gué as directors, subject to certain conditions.

Shareholders approved several capital increase delegations without preferential subscription rights for existing shareholders. The French State received authorization for shares with a nominal value of €137.7 million. The UK Government received approval for €22.5 million in nominal value shares.

Other approved capital increases include €7.5 million for Bharti Space Limited, €25.0 million for CMA CGM Participations, and €14.4 million for Fonds Stratégique de Participations.

The meeting also authorized the board to issue shares maintaining shareholders' preferential subscription rights and approved a share capital reduction resulting from losses by reducing the nominal value of shares.

Eutelsat operates as a satellite communications company with 34 geostationary satellites and more than 600 low Earth orbit satellites. The company was formed through the combination of Eutelsat and OneWeb in 2023.

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