Vestas Wind Systems A/S Aarhus, 08 April 2025
Company Announcement No. 13/2025

The Annual General Meeting of Vestas Wind Systems A/S was held today.

Agenda and resolutions

1. The Board of Directors' report on the Company's activities during the past year
The Annual General Meeting took note of the Board of Directors' report.   

2. Presentation and adoption of the Annual Report
The Annual Report 2024 was adopted.

3. Resolution for the allocation of the result of the year according to the adopted Annual Report
The Board of Directors' proposal for allocation of the result of the year, including a dividend of DKK 0.55 per share to be paid out for the financial year 2024, was approved.

4. Presentation and advisory vote on the Remuneration Report
The Annual General Meeting approved the Remuneration Report 2024 presented for an advisory vote.

5. Approval of the Board of Directors' remuneration
The Board of Directors proposed a basic remuneration of DKK 487,583 per board member, an increase of 3 percent (with the Chair receiving three times that and the Deputy Chair twice the basic remuneration). In addition, a 3 percent increase in both the level of the committee membership fee and the committee chair fee was proposed. The proposed change in remuneration was approved.

6. Election of members to the Board of Directors
Anders Runevad, Eva Merete Søfelde Berneke, Helle Thorning-Schmidt, Henriette Hallberg Thygesen, Karl-Henrik Sundström, and Lena Marie Olving were re-elected as members of the Board of Directors. Bruno Stéphane Emmanuel Bensasson and Claudio Facchin were elected as new members of the Board of Directors.

7. Appointment of auditor
The proposed auditor Deloitte Statsautoriseret Revisionspartnerselskab was re-appointed as auditor of the company in respect of statutory financial and sustainability reporting.

8. Proposals from the Board of Directors

8.1 Renewal and amendment of the authorisations to increase the share capital
The Board of Directors' authorisations to increase the company's share capital, so they are valid until 1 April 2030, and further an adjustment to allow an increase by a total nominal amount of DKK 20,197,345, were approved.

8.2 Renewal of the authorisation to acquire treasury shares
The Board of Directors' authorisation to acquire treasury shares in the period until 31 December 2026 up to an aggregate of 10 percent of the Company's share capital at the time of the authorisation, was approved. 

9. Authorisation of the chair of the general meeting
The Chair (with a right of substitution) was authorised to file and register the adopted resolutions with the Danish Business Authority and make such amendments as requested by the Danish Business Authority.

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After the Annual General Meeting, the Board of Directors held its constituting board meeting. At the meeting, Anders Runevad and Karl-Henrik Sundström were re-elected as Chair and Deputy Chair of the Board, respectively.

Contact details
Vestas Wind Systems A/S, Denmark

Daniel Patterson,
Vice President, Investor Relations
Tel: +45 2669 2725

Frederik Holm Jacobsen
Senior Specialist, Investor Relations
Tel: + 45 2835 3365