Change in communication policy regarding orders
As a listed company on Nasdaq Copenhagen, Vestas is obliged to ensure that everyone has equal access to essential information that may significantly affect the price of the Vestas share.
For wind turbine and service orders, the working definition that Vestas has followed as a general guideline until now has been to disclose firm and unconditional orders with a value in excess of DKK 500m (approx EUR 67m).
In light of the company’s growth since this threshold was defined and the actual impact observed on the Vestas share price of past announced orders, Vestas deems it appropriate to adjust the announcement policy accordingly.
Hence, as per 23 March 2016, Vestas will as a general rule disclose company announcements on all wind turbine orders with a total capacity of 200 MW or more.
For service orders, the corresponding threshold going forward will be EUR 200m.
It should be noted that this does not rule out that other factors deemed to have a significant impact on the Vestas share price can necessitate company announcements on orders below the mentioned threshold.
For orders received by the joint venture, MHI Vestas Offshore Wind A/S, for turbine types owned by the joint venture (i.e., on 8 MW platform orders), the new threshold will be 400 MW for wind turbine orders and EUR 400m for service orders, defined as before by the 50/50 percent split ownership.
To ensure that Vestas Wind Systems A/S fulfils its stated obligations, Vestas uses Nasdaq Copenhagen's news distribution service (GlobeNewswire) for the distribution of all company announcements.
Going forward, the same distribution service will be used for Vestas’ news releases, while the previous RSS feed will be terminated. Vestas will continue announcing firm and unconditional orders via news releases per current practice, including for orders below the revised threshold for company announcements.
Important: If you wish to receive news releases from Vestas going forward (on orders below the new threshold and other news), you will need to subscribe anew (LINK). Previous subscriptions will not be automatically transferred to the new distribution service. If you have any questions to the new distribution service, please write to firstname.lastname@example.org.
Subscriptions to company announcements will continue as before.
Vestas Wind Systems A/S, Denmark
Hans Martin Smith, Senior Vice President, Group Treasury and Investor Relations
Tel: +45 9730 8209
Michael Zarin, Head of External Communications
Tel: +45 4084 1526