New Skies Sat (NYSE:NSE)
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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."
About New Skies
New Skies Satellites is one of only four fixed satellite
communications companies with global satellite coverage, offering
data, video, Internet and voice communications services to a range of
telecommunications carriers, broadcasters, large corporations,
Internet service providers and government entities around the world.
New Skies has five satellites in orbit, one spacecraft under
construction (NSS-8) and ground facilities around the world. New Skies
Satellites B.V. is the main operating subsidiary of the Hamilton,
Bermuda based New Skies Satellites Holdings Ltd. (NYSE: NSE). New
Skies Satellites B.V. is headquartered in The Hague, with offices in
Hong Kong, New Delhi, Sao Paulo, Singapore, Sydney and Washington,
D.C. Further information is available at www.newskies.com
Forward-Looking Statements
Section 27A of the U.S. Securities Act of 1933 and Section 21E of
the U.S. Securities Exchange Act of 1934 provide a "safe harbor" for
forward-looking statements made by an issuer of publicly traded
securities and persons acting on its behalf. New Skies Satellites
Holdings Ltd. ("New Skies") has made certain forward-looking
statements in this press release in reliance on those safe harbors. A
forward-looking statement concerns the company's or management's
intentions or expectations, or is a prediction of future performance.
These statements are identified by words such as "intends", "expects",
"anticipates", "believes", "estimates", "may", "will", "should" and
similar expressions. By their nature, forward-looking statements are
not a matter of historical fact and involve risks and uncertainties
that could cause New Skies' actual results to differ materially from
those expressed or implied by the forward-looking statements for a
number of reasons.
The parties may not be able to consummate the proposed transaction
on the terms on which the parties have agreed, or at all, due to a
number of factors, including, but not limited to, the failure to
obtain the requisite governmental approvals, the failure to obtain
stockholder approval for the proposed transaction or the failure to
satisfy any of the other conditions to consummation of the
transaction. Other risks affecting New Skies' business are described
in the company's public filings with the U.S. Securities and Exchange
Commission. Copies of these filings may be obtained by contacting the
SEC. New Skies believes that all forward-looking statements are based
upon reasonable assumptions when made; however New Skies cautions that
it is impossible to predict actual results or outcomes or the effects
of risks, uncertainties or other factors on anticipated results or
outcomes and that, accordingly, you should not place undue reliance on
these statements. Forward-looking statements speak only as of the date
when made, and New Skies disclaims any obligation to update the
forward-looking statements contained in this document.