Vestas Wind Systems A/S’ Annual General Meeting on 9 April 2024

 

 

Vestas Wind Systems A/S, Aarhus, 09 April 2024
Company Announcement No. 05/2024

The Annual General Meeting of Vestas Wind Systems A/S was held today.

Agenda and resolutions

1. The Board of Directors’ report on the Company’s activities during the past year
The Annual General Meeting took note of the Board of Directors’ report.   

2. Presentation and adoption of the Annual Report
The Annual Report 2023 was adopted.

3. Resolution for the allocation of the result of the year according to the adopted Annual Report
The Board of Directors’ proposal for allocation of the result of the year, including that no dividend will be paid out for the financial year 2023, was approved.

4. Presentation and advisory vote on the Remuneration Report
The Annual General Meeting approved the Remuneration Report 2023 presented for an advisory vote.

5. Approval of the Board of Directors’ remuneration
The Board of Directors proposed an increase of 4 percent on both the basic remuneration fee, the committee fee and the committee chair fee. Cf. agenda item 8.1, board members residing outside of Europe will receive a fixed travel compensation fee in addition to the basic remuneration.

6. Election of members to the Board of Directors
Anders Runevad, Eva Merete Søfelde Berneke, Helle Thorning-Schmidt, Karl-Henrik Sundström, and Lena Marie Olving were re-elected as members of the Board of Directors. Bruce Harvey Grant and Kentaro Hosomi did not stand for re-election and were replaced by William (Bill) Fehrman and Henriette Hallberg Thygesen.

7. Appointment of auditor
The proposed auditor Deloitte Statsautoriseret Revisionspartnerselskab was appointed as new auditor of the company in respect of statutory financial and sustainability reporting.

8. Proposals from the Board of Directors

8.1 Update of the Company’s Remuneration Policy
The revised Remuneration Policy was adopted, allowing the Company to pay an additional fixed travel compensation fee to board members residing outside of Europe.

8.2 Renewal of the authorisation to acquire treasury shares
The Board of Directors’ authorisation to acquire treasury shares in the period until 31 December 2025 up to an aggregate of 10 percent of the Company’s share capital at the time of the authorisation, was approved. 

9. Authorisation of the chair of the general meeting
The chair (with a right of substitution) was authorised to file and register the adopted resolutions with the Danish Business Authority and make such amendments as requested by the Danish Business Authority.

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After the Annual General Meeting, the Board of Directors held its constituting board meeting. At the meeting, Anders Runevad and Karl-Henrik Sundström were re-elected as Chair and Deputy Chair of the Board, respectively.

Contact details
Vestas Wind Systems A/S, Denmark

Daniel Patterson, Vice President
Investor Relations
Tel: +45 2669 2725

Frederik Holm Jacobsen
Senior Specialist, Investor Relations
Tel: + 45 2835 3365