SATS ASA: Annual Report 2024

27 Mar 2025 19:41 CET

The Board of Directors of SATS ASA (the "Company", OSE ticker "SATS") has
today approved the annual accounts for 2024.

The Annual Report for 2024, including the Sustainability report, and the
annual financial statements in the European Single Electronic Format (ESEF)
are attached to this release and available at satsgroup.com.

The audited 2024 annual accounts are in line with the annual financial
information presented in the fourth quarter report on February 12, 2025.

The Board of Directors has also, today, resolved to propose that the general
meeting grants an authorization to the Board of Directors to increase the
share capital of the Company (i) by up to NOK 8,699,520 (2%), in connection
with the Company's current and future share incentive programs; and (ii) by up
to NOK 43,497,600 (10%), in order to finance further growth of the SATS group.
The authorizations are proposed valid until the earlier of the 2026 Annual
General Meeting and June 30, 2026. Additionally, the Board of Directors has
resolved to propose that the general meeting resolves to reduce the share
capital by NOK 2,125,000 by the redemption of 1,000,000 treasury shares. The
proposed authorizations and share capital reduction will be on the agenda for
the Company's annual general meeting, to be held on April 28, 2025. More
information will be provided in the notice for the Annual General Meeting.

For further information, please contact:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259

Press:
Tina Brodal, Press Contact, phone: +47 938 44 171

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

642427_satsasa-2024-12-31-en.zip
642427_SATS ASA Annual Report 2024.pdf