LUXEMBOURG--(BUSINESS WIRE)--Apr. 11, 2016--
Intelsat S.A. (NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone, today announced a
quarterly cash dividend of $0.71875 per share, to be paid to holders of
its 5.75% Series A Mandatory Convertible Junior Non-voting Preferred
Shares (the “Series A Preferred shares”), in accordance with the terms
of the Series A Preferred shares. The dividend will accrue through 1 May
2016 and be paid on 2 May 2016 to holders of record as of 15 April 2016,
representing the final dividend prescribed under the terms of the Series
A Preferred shares.
On 1 May 2016, all of the Company’s 3,450,000 Series A Preferred shares
will automatically convert pursuant to their terms into common shares at
a conversion ratio to be determined on the third trading day immediately
preceding 1 May 2016. The automatic conversion will be recorded on 2 May
2016.
About Intelsat
Intelsat S.A. (NYSE: I) operates the world’s first Globalized Network,
delivering high-quality, cost-effective video and broadband services
anywhere in the world. Intelsat’s Globalized Network combines the
world’s largest satellite backbone with terrestrial infrastructure,
managed services and an open, interoperable architecture to enable
customers to drive revenue and reach through a new generation of network
services. Thousands of organizations serving billions of people
worldwide rely on Intelsat to provide ubiquitous broadband connectivity,
multi-format video broadcasting, secure satellite communications and
seamless mobility services. The end result is an entirely new world, one
that allows us to envision the impossible, connect without boundaries
and transform the ways in which we live. For more information, visit www.intelsat.com.
Intelsat Safe Harbor Statement:
Statements in this news release, including statements regarding the
offering, constitute "forward-looking statements" that do not directly
or exclusively relate to historical facts. When used in this release,
the words “may,” “will,” “might,” “should,” “expect,” “plan,”
“anticipate,” “project,” “believe,” “estimate,” “predict,” “intend,”
“potential,” “outlook,” and “continue,” and the negative of these terms,
and other similar expressions are intended to identify forward-looking
statements and information.
The forward-looking statements reflect Intelsat's intentions, plans,
expectations, assumptions and beliefs about future events and are
subject to risks, uncertainties and other factors, many of which are
outside of Intelsat's control. Important factors that could cause actual
results to differ materially from the expectations expressed or implied
in the forward-looking statements include known and unknown risks. Known
risks include, among others, market conditions and the risks described
in Intelsat’s annual report on Form 20-F for the year ended December 31,
2015, and its other filings with the U.S. Securities and Exchange
Commission.
Because actual results could differ materially from Intelsat's
intentions, plans, expectations, assumptions and beliefs about the
future, you are urged to view all forward-looking statements with
caution. Intelsat does not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160411005372/en/
Source: Intelsat
Intelsat
Dianne VanBeber, +1 703-559-7406
Vice President,
Investor Relations and Corporate Communications
dianne.vanbeber@intelsat.com
