UPDATE - Vestas buys back USD 37m of shares

Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) said on Monday that last week it bought back a total of DKK 256 million (USD 36.8m/EUR 34.3m) worth of shares under its new programme.

On November 5, the company announced a plan to repurchase up to DKK 1.12 billion worth of own shares and for a period of two days bought back DKK 68.5 million of stock. Last week, from November 9 to November 13, it repurchased a further 612,000 shares, it said today.

Vestas noted that the move is aimed at adjusting its capital structure and meeting the obligations arising from employee share option programmes or other share allocations to Vestas staff.

The programme will close on December 31, 2015.

(DKK 1.0 = USD 0.144/EUR 0.134)

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