Vestas Wind Systems A/S is a listed Danish public limited company with a management structure consisting of a Board of Directors and an Executive Management as well as the General Meeting, which is Vestas’ supreme management body, within the limits set forth in the Articles of Association
Vestas is in regular dialogue with the company’s shareholders and investors. The daily communication mainly takes place through phone calls, an informative homepage and written inquiries via ir@vestas.com. Twice a year a publication is sent out to all registered shareholders of the company, in which the CEO shortly informs about the state of the Group.
Publication of financial reports
In connection with the presentation of financial reports, Vestas holds information meetings for members of the media, analysts and investors. The presentations will be webcasted on the internet and communicated in six different languages so that all stakeholders are able to follow the presentations.
Subsequently, Vestas’ CEO and the manager of Group Communications will take part in roadshows and hold meetings with investors and stakeholders in Europe and the USA..
Investor Relations activities
Moreover, Vestas holds and participates in various exhibitions, analyst and investor meetings and other different activities during the year and holds capital markets days for the media, investors and analysts.
Vestas’ mailing list
It is possible for Vestas’ stakeholders to submit to Vestas’ mailing list, and via this service receive press releases and company announcements from Vestas Wind Systems A/S via e-mail as soon as they are published.
Convening for General Meeting
Vestas Wind Systems A/S’ shareholders can exercise their influence at the company’s General Meeting, which is held at least once every year.
The company’s Articles of Association state that annual general meetings are to be convened with at least eight days’ and no more than four (4) weeks’ notice. Further regulations are described in Vestas’ Articles of Association.
Invitation, registration and authorization forms to the General Meeting are sent to all shareholders registered by name, hereunder a detailed description of each proposal and a list of the candidates for the Board of Directors.
Registration and proxy
All shareholders are entitled to participate in the General Meeting on conditions that they register their intention to attend no later than five days in advance. Registration can for instance be made on Vestas’ homepage.
The Articles of Association of Vestas do not include any differentiation or limitation of voting rights, this means that Vestas’ share capital consists of a single class of shares, and each shareholding of DKK 1.00 carries one vote.
Shareholders not able to attend the General Meeting can authorize the Board of Directors or others for each individual item on the agenda by instruction proxy and that way bring their influence to bear on the General Meeting. Authorization for the Board of Directors can only be granted for one pre-defined General Meeting. Danish shareholders with a NET-ID have the possibility of granting a proxy on the internet.
Capital structure
Vestas’ Board of Directors yearly assesses if the company’s capital structure and capital readiness at any time are reasonable in consideration of the Group’s operation and the shareholders’ interests. Further statement is made in Vestas’ annual report.
Takeover bids
In connection with a takeover bid, the Board of Directors should not, without the acceptance of the General Meeting, attempt to counter a takeover bid by making decisions which in reality prevent the shareholders from deciding on the takeover bid.
If a takeover bid on the company’s shares is made, the Board of Directors will follow legislation in this area.
Read more
The Articles of Association of Vestas Wind Systems A/S
Vestas’ annual report
Investor relations and communications policy
Webcast
Vestas’ mailing list
Financial calendar