Vestas initiates a share buy-back programme for up to EUR 400 million

AARHUS, 19-Oct-2016 — /EuropaWire/ — On 18 August 2016, Vestas initiated a share buy-back programme, ref. Company announcement No. 26/2016. The programme is implemented in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) (the “Safe Harbour” rules). The purpose of the programme is to adjust Vestas’ capital structure and to meet the obligations arising from share based incentive programmes to employees of Vestas.

Under the programme Vestas will buy back shares for an amount up to DKK 2,984 million (approximately EUR 400 million) in the period from 18 August 2016 to 30 December 2016.

The following transactions have been made under the programme during the period 11-17 October 2016:

Number of
shares
Average purchase
price, DKK
Transaction
value, DKK
 11 October2016 86,614 534.87 46,326,944
 12 October 2016 40,162 527.11  21,169,860
 13 October 2016  31,110  517.83  16,109,750
 14 October 2016 30,000  531.54  15,946,071
 17 October 2016 30,000 531.17 15,935,133
 Accumulated under the programme  2,281,437 549.51 1,253,670,464

Details of all the transactions relating to the share buy-back programme during the period are presented in the attached appendix.

Contact details
Vestas Wind Systems A/S, Denmark
Hans Martin Smith, Senior Vice President, Group Treasury and Investor Relations
Tel: +45 9730 8209

SOURCE: Vestas

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