REG-Ørsted A/S Notice of the 2022 annual general meeting of Ørsted A/S

Oersted A/SAnnouncement

16/03/2022 13:30

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   Ørsted A/S (Orsted)
   Notice of the 2022 annual general meeting of Ørsted A/S

   16-March-2022 / 14:23 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   16.3.2022 14:23:33 CET | Ørsted A/S | Notice to general meeting

   The annual general meeting of Ørsted A/S will be held on Friday, 8 April
   2022, at 10:00 CEST. The meeting will be held at Villa Copenhagen,
   Tietgensgade 35-39, 1704, Copenhagen K, Denmark.

   The agenda for the annual general meeting is:

     • Approval of the annual report for 2021 and distribution of profits
     • Advisory vote on the remuneration report for 2021
     • Discharge of the Board of Directors and the Executive Board
     • Proposals from the Board of Directors:

          • A decision to amend the Remuneration Policy for the Board of
            Directors and the Executive Board.
          • A decision that employees of Ørsted's foreign subsidiaries are
            eligible to be elected and entitled to vote at elections of group
            representatives to the Board of Directors.
          • A decision to make a potential donation to humanitarian aid to
            the Ukrainian people in relation to the Ukraine crisis caused by
            the Russian invasion.
          • An authorisation to the Board of Directors to increase the share
            capital of the company.

     • Election and remuneration of board members
     • Election of auditor.

   The agenda is further described in the enclosed notice of the annual
   general meeting.

   With regard to the proposals from the Board of Directors, please note:

   The proposal to amend the Remuneration Policy for the Board of Directors
   and the Executive Board will bring the policy more in line with policies
   for other Danish C25 companies, without increasing the target or maximum
   levels of the recurring annual compensation of the Executive Board.

   To facilitate our diversity and inclusion agenda, the Board of Directors
   proposes to expand Ørsted's employee representation on the Board of
   Directors to cover employees abroad.

   As previously announced, a proposal from the Board of Directors to make a
   potential donation to humanitarian aid to the Ukrainian people in relation
   to the Ukraine crisis caused by the Russian invasion has been included on
   the agenda.

   The Board of Directors finally proposes that the Board of Directors is
   authorised by the general meeting to increase the share capital of the
   company to provide the company with additional strategic flexibility in a
   global market where opportunities in renewable energy are expected to grow
   significantly if the Board of Directors at a later point determines that
   it would be in the best interest of the company and its shareholders to
   issue new shares.

   The Ministry of Finance has informed the Board of Directors that the
   Danish State supports and intends to vote in favour of the proposed
   authorisation.

   The proposed authorisation does not change the strategic ambition or the
   long-term targets communicated at the Capital Markets Day on 2 June 2021.

   For further information, please contact: 

   Media Relations
   Carsten Birkeland Kjær
   + 45 99 55 77 65
    1 cabkj@orsted.com

   Investor Relations
   Allan Bødskov Andersen
   + 45 99 55 79 96
    2 ir@orsted.com

   About Ørsted
   The Ørsted vision is a world that runs entirely on green energy. Ørsted
   develops, constructs, and operates offshore and onshore wind farms, solar
   farms, energy storage facilities, renewable hydrogen and green fuels
   facilities, and bioenergy plants. Moreover, Ørsted provides energy
   products to its customers. Ørsted is the only energy company in the world
   with a science-based net-zero emissions target as validated by the Science
   Based Targets initiative (SBTi). Ørsted ranks as the world's most
   sustainable energy company in Corporate Knights' 2022 index of the Global
   100 most sustainable corporations in the world and is recognised on the
   CDP Climate Change A List as a global leader on climate action.
   Headquartered in Denmark, Ørsted employs 6,836 people. Ørsted's shares are
   listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK
   77.7 billion (EUR 10.4 billion). Visit  3 orsted.com or follow us on
   Facebook, LinkedIn, Instagram, and Twitter.

       Attachments

     •  4 Notice of the 2022 annual general meeting of Ørsted.pdf
     •  5 Annual general meeting 2022 - Notification with appendices.pdf

   News Source: Ritzau

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   ISIN:          DK0060094928
   Category Code: NOA
   TIDM:          Orsted
   Sequence No.:  149600
   EQS News ID:   1304539


    
   End of Announcement EQS News Service

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References

   Visible links
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