Company announcement No. 06/2021
The Annual General Meeting of
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 2020 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 a dividend of
4. Presentation and advisory vote on the Remuneration Report
The Annual General Meeting approved the Remuneration Report 2020 presented for an advisory vote.
5. Approval of the Board of Directors' remuneration
The Board of Directors proposed a basic remuneration of
6. Election of members of the Board of Directors
7. Appointment of auditor
PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab was re-appointed as auditor of the company.
8. Proposals from the Board of Directors
8.1 Amendment of the Company's remuneration policy
The amended Remuneration Policy was adopted by the General Meeting.
8.2 Amendment of the denomination of shares
The Board of Directors proposed to change the denomination per share from
8.3 Renewal and amendment of the authorisations to increase the share capital
The Board of Directors proposed a renewal of the authorisations of the Board of Directors to increase the Company's share capital, so they are valid until
8.4 Authorisation to hold general meetings electronically
The Board of Directors proposed to adopt a new article 4(3) in the Articles of Association whereby the Board of Directors will be authorised to resolve that the General Meeting will be held entirely via electronic means without any physical attendance. The change to the Articles of Association was adopted.
8.5 Resolution to grant authorisation to adopt electronic communication
The Board of Directors proposed to adopt a new article 13 in the Articles of Association which will grant the Board of Directors the option to choose to have all communication from the Company to its shareholders take place by electronic means. The change to the Articles of Association was adopted.
8.6 Authorisation to the Board of Directors to distribute extraordinary dividend
The Board of Directors proposed granting the Board of Directors an authorisation to resolve to pay extraordinary dividends. The authorisation was granted by the General Meeting.
8.7 Renewal of the authorisation to acquire treasury shares
The Board of Directors' authorisation to acquire treasury shares equal to 10 percent of the share capital at the time of the authorisation on an ongoing basis until
9. Authorisation of the chairman of the general meeting
The chairman (with a right of substitution) was authorised to file and register the adopted resolutions with the
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After the Annual General Meeting, the Board of Directors held its constituting board meeting. At the meeting,
Contact details
Mathias Dalsten, Senior Director
Investor Relations
Tel: +45 2829 5383
The updated Articles of Association are attached hereto.
https://news.cision.com/vestas-wind-systems-a-s/r/vestas-wind-systems-a-s--annual-general-meeting-on-8-april-2021,c3322129
https://mb.cision.com/Public/18886/3322129/8f9c47a630467e0a.pdf
https://mb.cision.com/Public/18886/3322129/8ea2c22f4132f078.pdf
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