Vestas completes USD-163m share buyback programme

Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) said on Friday it has finalised its share buyback programme, having repurchased a total of DKK 1.12 billion (USD 163m/EUR 150m) worth of stock.

Between December 14 and December 18, being the final week of repurchases under the plan, the company bought back 300,661 shares for a total transaction value of nearly DKK 142 million. All in all, Vestas has repurchased 2.53 million shares since November 5, 2015, when it announced the start of the programme.

The purpose of the share buyback plan was to adjust the company's capital structure and meet the obligations arising from employee share option programmes or other share allocations to Vestas staff, it explained in a statement.

(DKK 1.0 = USD 0.146/EUR 0.134)

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