Amalgamation of Newskies with SES
New Skies Satellites Holdings shareholders overwhelmingly approve amalgamation with SES GlobalHamilton, Bermuda - February 10, 2006 - New Skies Satellites Holdings Ltd. (NYSE:NSE) today announced that its shareholders have overwhelmingly approved the amalgamation of the Company with SES Holdings (Bermuda) Limited, a wholly-owned subsidiary of SES Global S.A. (Euronext Paris and Luxembourg Stock Exchange: SESG).
Seventy-four percent of the outstanding shares were present or represented at the meeting, with ninety-nine percent of such shares voting in favor of the transaction. Antitrust reviews have been completed in the United States and Germany but other U.S. regulatory approvals remain pending, including approvals from the U.S. Federal Communications Commission.
The amalgamation is expected to close during the second quarter of 2006, although it is possible that it could occur sooner or later than this.
Following the special general meeting of New Skies Satellites Holdings Ltd. shareholders held earlier today, Dan Goldberg, president of the Company, said, "We are pleased that our shareholders have overwhelmingly approved this transaction which serves the best interests of our shareholders, customers, employees and suppliers and we look forward to an exciting future with SES Global as we become their third satellite infrastructure pillar, alongside ASTRA in Europe and AMERICOM in North America".
