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Vestas Wind Systems — Management Reports 2016
Sep 14, 2016
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Download source fileAs per 14 September 2016, Vestas will adjust the threshold for wind turbine and
service orders to be disclosed to the market via company announcements to 300
MW and EUR 300m, respectively.
Aarhus, Denmark, 2016-09-14 10:50 CEST (GLOBE NEWSWIRE) --
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 size of 200 MW or more and EUR 200m or more,
respectively.
As part of the annual review of the company’s communication policy, this
threshold has been assessed and as a result of 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 14 September 2016, Vestas will as a general rule disclose company
announcements on all wind turbine orders with a total capacity of 300 MW or
more.
For service orders, the corresponding threshold going forward will be EUR 300m.
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 600 MW for wind turbine orders and EUR 600m for service
orders, defined as before by the 50/50 percent split ownership.
Vestas will continue announcing firm and unconditional orders via news releases
per current practice, including for orders below the revised threshold for
company announcements.
News service
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. The same distribution service is
used for Vestas’ news releases.
Important: If you wish to receive news releases from Vestas going forward for
orders below the threshold and if you have not already subscribed to the news
release distribution service, you will need to subscribe (LINK).
If you have any questions to the distribution service, please write to
[email protected]
Contact details
Vestas Wind Systems A/S, Denmark
Hans Martin Smith, Senior Vice President, Group Treasury and Investor Relations
Tel: +45 9730 8209
Email: [email protected]
Michael Zarin, Head of External Communications
Tel: +45 4084 1526
Email: [email protected]