Vestas Wind Systems A/S' annual general meeting on 17 March 2010
The annual general meeting of Vestas Wind Systems A/S has been held today.
Items 1 to 3 of the agenda were discussed and approved as presented. There will
be no distribution of dividend for 2009.
Furthermore, the present board members were re-elected, ref. item 4 of the
agenda.
PricewaterhouseCoopers Statsautoriseret Revisionsaktieselskab was re-appointed
as auditor of the company, ref. item 5 of the agenda.
Moreover, items 6.1-6.6 and 6.11-6.14 of the agenda were discussed and approved.
In relation to item 6.7 of the agenda, the proposal was discussed and approved.
The company's Articles of Association will consequently be amended as follows:
The existing authority to the Board of Directors in Article 3(1) to increase the
Company's share capital is renewed to apply until 1 May 2011, allowing an
increase of the share capital by a total nominal amount of DKK 20,370,410.
At the Annual General Meeting, the Board of Directors decided to withdraw items
6.8-6.10 of the agenda.
The Board of Directors was authorised to let the Company purchase treasury
shares in the period until the next Annual General Meeting within a total
nominal value of 10 per cent of the Company's share capital, ref. item 6.15 of
the agenda.
The request for an approval of a rider to the overall guidelines for incentive
pay to the effect that warrants, and not only options, can be issued under the
existing authority was discussed and approved, ref. item 6.16 of the agenda.
After the Annual General Meeting, the Board of Directors held a statutory board
meeting. At the meeting Bent Erik Carlsen was re-elected as Chairman of the
Board and Torsten Erik Rasmussen was re-elected as Duputy Chairman of the Board.
Any questions may be addressed to the Executive Management at Vestas Wind
Systems A/S, tel. +45 9730 0000.