Vestas Wind A/S : Transactions in connection with share buy-back programme during the period 22-28 November 2016
November 29, 2016 at 03:55 am EST
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09:30 - 29 Nov 2016
On 18 August 2016, Vestas initiated a share buy-back programme, ref. Company announcement No. 26/2016. The programme is implemented in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the 'Safe Harbour' rules). The purpose of the programme is to adjust Vestas' capital structure and to meet the obligations arising from share based incentive programmes to employees of Vestas.
Under the programme Vestas will buy back shares for an amount up to DKK 2,984 million (approximately EUR 400 million) in the period from 18 August 2016 to 30 December 2016.
The following transactions have been made under the programme during the period 22-28 November 2016:
Number of
shares
Average purchase
price, DKK
Transaction
value, DKK
22 November 2016
107,054
434.30
46,493,905
23 November 2016
64,086
439.18
28,145,136
24 November 2016
37,500
455.10
17,066,235
25 November 2016
45,500
466.10
21,207,746
28 November 2016
98,350
473.71
46,589,428
Accumulated under the programme
4,402,080
516.41
2,273,299,887
Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix.
Contact details
Vestas Wind Systems A/S, Denmark
Hans Martin Smith, Senior Vice President, Group Treasury and Investor Relations
Tel: +45 9730 8209
Vestas Wind Systems A/S published this content on 29 November 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 November 2016 08:54:31 UTC.
Original documenthttp://www.vestas.com/en/publications/2016/november/161129_ca_uk_43
Public permalinkhttp://www.publicnow.com/view/54E5A94C47F77E52A5E95E0A4FFFBF59A18F3921
Vestas Wind Systems A/S is the world's leading manufacturer of wind turbines. Net sales by activity break down as follows:
- sale of wind turbines and wind energy production systems (76.8%): 2,554 turbines and systems (with a total capacity of 12,685 MW) delivered in 2023. The group also sells replacement parts;
- services (23.2%): notably maintenance services and warranty extension agreements.
Net sales are distributed geographically as follows: Denmark (3.1%), Europe/Middle East/Africa (46.4%), the United States (20%), Americas (17.3%) and Asia/Pacific (13.2%).