If you have any questions before the Annual General Meeting, please send it to email@example.com.
When and where will Vestas' Annual General Meeting take place?
Vestas' Annual General Meeting will be held on Tuesday 7 April 2020 at 1:00 p.m. (CEST) at the Aksen House of Business, Hedeager 44, 8200 Aarhus N,
Do you have to have a physical annual general meeting to pass resolutions, or could you do it digitally?
Vestas has a physical annual general meeting to pass resolutions. Shareholders who can’t participate can vote by proxy or vote by correspondence.
- Submission of proxy
- Vote by correspondence
Vestas’ Board of Directors may determine that, in addition to a right to physically attend general meetings, shareholders may be given the right to attend electronically (partially electronic general meeting), ref. the Danish Companies Act. A completely electronic general meeting would require approval by the general meeting.
If you can do a general meeting digitally, can you achieve a quorum?
The articles of association do not include any quorum requirements.
All proposals put to a vote at the general meeting shall be adopted by a simple majority of votes, unless the Danish Companies Act or the articles of association prescribe special rules regarding the adoption.
Any resolution in respect of an amendment to the articles of association, dissolution, demerger and merger, which under Danish law must be passed by the general meeting, can only be passed by a majority of not less than two thirds of all votes cast and of the voting capital represented at the general meeting unless otherwise prescribed by the Danish Companies Act.
Ref. article 7 of the Company’s Article of association.
A overview of the votes casted at the general meeting will be disclosed after the meeting – link.
How many people typically attend your annual general meetings?
In 2018 and 2019, between 400 and 500 persons were present. For additional information, please refer to the minutes of the meetings – link.
Can you pay a dividend without approval at the annual general meeting?
The company can’t pay out dividend to the shareholders unless it has been approved by the general meeting or subject to an authorisation granted by the general meeting.
In light of the coronavirus outbreak, has Vestas considered not to pay out dividend to the shareholders?
According to the convening for Vestas Wind Systems A/S’ Annual General Meeting 2020, the Board of Directors has proposed that a dividend of DKK 7.93 per share be paid out for the financial year 2019. At present, the Board of Directors has no intention of changing its proposal.