Company Description
SES SA GLBL FID DEP SHS (SGBAF) represents interests in SES, a company that files reports with the U.S. Securities and Exchange Commission as a foreign private issuer. According to its SEC filings, SES submits current reports on Form 6-K under the Securities Exchange Act of 1934 and is organized in the Grand Duchy of Luxembourg. The shares associated with the SGBAF symbol give investors exposure to SES through global fiduciary depositary shares.
SES files as a foreign issuer on Form 20-F and uses Form 6-K to furnish press releases and other information to U.S. investors. These filings indicate that SES maintains its principal executive office in the Grand Duchy of Luxembourg and that it communicates material information, such as press releases and dividend announcements, through its SEC submissions.
Regulatory reporting and information flow
In its Form 6-K reports, SES notes that it is subject to the reporting requirements of Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. The company uses these reports to furnish exhibits that typically consist of press releases. Examples in the filings include a press release dated December 17, 2025, another dated November 6, 2025, and multiple press releases dated September 26, 2025.
One Form 6-K filing describes an explanatory note in which SES announced an interim dividend to be paid in October 2025 and changes to its Board of Directors. These events were communicated to the market via press releases furnished as exhibits to the Form 6-K. This pattern illustrates how SES uses its SEC filings to keep investors informed about corporate actions and governance developments.
Corporate governance and shareholder actions
The Form 6-K dated September 26, 2025, highlights that SES announced an interim dividend and board changes through official press releases. The filing states that the company issued a press release announcing an interim dividend and a separate press release regarding the appointment of Joseph Cohen to the Board of Directors and the departure of another board member. Both press releases were furnished as exhibits to the Form 6-K and incorporated by reference, underscoring the role of these filings in documenting decisions that affect shareholders.
By furnishing dividend announcements and board changes through the SEC, SES provides a record of key corporate events for holders of its global fiduciary depositary shares and other stakeholders who follow its U.S.-registered securities.
Jurisdiction and listing context
SES identifies itself in SEC filings with its name translated into English and references its location in the Grand Duchy of Luxembourg. The filings also indicate that SES is a foreign private issuer that files annual reports on Form 20-F rather than Form 10-K, which is used by domestic U.S. issuers. Investors in SGBAF can therefore expect SES’s disclosures to follow the reporting framework applicable to foreign issuers under U.S. securities law.
While the SEC filings provided focus on regulatory and disclosure aspects rather than operational details, they confirm that SES maintains an ongoing reporting relationship with the SEC and uses Form 6-K to furnish press releases and other information relevant to its securities.
Relationship to the satellite telecommunications industry
SES SA GLBL FID DEP SHS is associated with SES, which is classified in the satellite telecommunications industry within the broader information sector. This classification indicates that SES operates in a field related to satellite-based communications services. The SEC filings and industry classification together position SES as a company whose activities are tied to satellite telecommunications, with SGBAF providing a means for investors to access its securities through depositary arrangements.
Use of press releases as primary disclosures
The Form 6-K filings consistently reference press releases as exhibits, with each exhibit labeled and described in a table within the filing. For example, Exhibit 99.1 is described as a press release dated December 17, 2025, in one filing, and as a press release dated November 6, 2025, in another. In the September 26, 2025 filing, Exhibit 99.1 and Exhibit 99.2 are both press releases issued on that date. This structure shows that SES relies on press releases as a primary vehicle for public communication, with Form 6-K serving as the mechanism for furnishing those communications to the SEC.
Third-party references
In external news coverage, SES (traded over-the-counter under the symbol SGBAF) is mentioned as a client of Kaon Interactive, a B2B software company that provides interactive sales and marketing applications. This news item associates SES with other large companies in sectors such as life sciences, manufacturing, and information technology. The mention of SES in this context indicates that SES engages with digital customer engagement platforms as part of its broader corporate activities.
Investor considerations
For investors researching SGBAF, the available information shows that SES:
- Files as a foreign private issuer with the SEC under the Securities Exchange Act of 1934.
- Uses Form 6-K to furnish press releases and other information as exhibits.
- Announces corporate actions such as interim dividends and board changes through press releases that are incorporated by reference into SEC filings.
- Is associated with the satellite telecommunications industry within the information sector.
These characteristics shape how information about SES is disclosed and accessed by holders of SES SA GLBL FID DEP SHS and other interested market participants.
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Short Interest History
Short interest in SES SA (SGBAF) currently stands at 148.1 thousand shares, up 2.9% from the previous reporting period, representing 0.1% of the float. Over the past 12 months, short interest has increased by 82.7%. This relatively low short interest suggests limited bearish sentiment. With 56.1 days to cover, it would take significant time for short sellers to close their positions based on average trading volume.
Days to Cover History
Days to cover for SES SA (SGBAF) currently stands at 56.1 days, up 33.8% from the previous period. This elevated days-to-cover ratio indicates it would take over two weeks of average trading volume for short sellers to exit their positions, suggesting potential for a short squeeze if positive news emerges. The days to cover has increased 65.5% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 3.3 to 314.1 days.