A/S

Resolutions of the 2024 annual general meeting of Ørsted A/S

Retrieved on: 
Wednesday, March 13, 2024

Today, Ørsted A/S held its annual general meeting, where the following decisions were adopted:

Key Points: 
  • Today, Ørsted A/S held its annual general meeting, where the following decisions were adopted:
    The audited annual report for 2023 was approved.
  • In accordance with the proposal of the Board of Directors, no dividend is paid out to the shareholders for the financial year 2023.
  • The Board of Directors and the Executive Board were discharged from liability.
  • The proposed remuneration of the Board of Directors for 2024, which remains unchanged compared to the remuneration for 2023, was approved.

Ørsted issues EUR green hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S (‘Ørsted’) announces its intention to issue a EUR benchmark size of subordinated green hybrid capital securities with first reset date after 5.75 years (NC5.75) and final maturity in 3024.

Key Points: 
  • Ørsted A/S (‘Ørsted’) announces its intention to issue a EUR benchmark size of subordinated green hybrid capital securities with first reset date after 5.75 years (NC5.75) and final maturity in 3024.
  • The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25 % EUR hybrid capital securities issued in 2017, with first reset date on 24 November 2024, and to proactively manage Ørsted’s hybrid capital portfolio.
  • Today, Ørsted is also inviting holders of these securities to tender their holdings for purchase by Ørsted – see separate company announcement relating to the Tender Offer.
  • Ørsted’s new green hybrid capital securities are expected to receive the rating of Baa3 by Moody’s, BB by Standard and Poor’s, and BBB- by Fitch.

Notification of managers’ transactions

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.

Key Points: 
  • Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.
  • 596/2014 of transactions related to shares in Ørsted A/S made by persons discharging managerial responsibilities in Ørsted A/S and/or persons closely associated with them.
  • See the transactions of Executive Vice President and CEO of Region Americas David Hardy in the attached PDF document.

Notification of managers’ transactions

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.

Key Points: 
  • Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.
  • 596/2014 of transactions related to shares in Ørsted A/S made by persons discharging managerial responsibilities in Ørsted A/S and/or persons closely associated with them.
  • See the transactions of interim CFO Rasmus Errboe in the attached PDF document.

Tender offer for hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S (‘Ørsted’) hereby invites holders of its:

Key Points: 
  • Ørsted A/S (‘Ørsted’) hereby invites holders of its:
    •    EUR 500,000,000 2.25 % hybrid capital securities due in 3017 (the ‘Capital Securities’; ISIN: XS1720192696)
    to tender the Capital Securities for purchase by Ørsted on the terms and subject to the conditions set out in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’) (the ‘Offer’).
  • The Offer is subject to the successful issuance of the subordinated green hybrid capital securities (‘New Hybrid Issue’) as also announced by Ørsted today.
  • Ørsted will pay for Capital Securities accepted by it for purchase pursuant to the Offer a Purchase Price of 98.75 %.
  • Together with Ørsted’s New Hybrid Issue, the purpose of the Offer is to refinance the Capital Securities and to proactively manage Ørsted’s hybrid capital portfolio.

Notification of managers’ transactions

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.

Key Points: 
  • Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.
  • 596/2014 of transactions related to shares in Ørsted A/S made by persons discharging managerial responsibilities in Ørsted A/S and/or persons closely associated with them.
  • See the transactions of Senior Vice President and Head of Global Stakeholder Relations Ingrid Reumert in the attached PDF document.

Ørsted successfully issues EUR green hybrid capital securities

Retrieved on: 
Wednesday, March 13, 2024

Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75).

Key Points: 
  • Today, Ørsted A/S (‘Ørsted’) has priced EUR 750 million of subordinated green hybrid capital securities with final maturity on 14 March 3024 and first reset date on 14 December 2029 (NC5.75).
  • The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25 % hybrid capital securities issued in 2017, which is callable at par on the first reset date, 24 November 2024, and to proactively manage Ørsted’s hybrid capital portfolio.
  • Today, Ørsted has also invited holders of these securities to tender their holdings for purchase by Ørsted – see separate company announcement relating to the Tender Offer.
  • Key details of the new EUR 750 million subordinated green hybrid capital securities:
    •    Fixed coupon until 14 December 2029: 5.125 % p.a.

Notification of managers’ transactions

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.

Key Points: 
  • Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.
  • 596/2014 of transactions related to shares in Ørsted A/S made by persons discharging managerial responsibilities in Ørsted A/S and/or persons closely associated with them.
  • See the transactions of Senior Vice President and President of Region APAC Per Mejnert Kristensen in the attached PDF document.

Tender offer for hybrid capital securities – final results

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017 (ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all such Securities for purchase by Ørsted for cash (such invitation, the ‘Offer’).

Key Points: 
  • Ørsted A/S (‘Ørsted’) announces the result of its invitation to holders of its EUR 500,000,000 2.25 % green hybrid capital securities due in 3017 (ISIN: XS1720192696) (the ‘Capital Securities’), to tender any and all such Securities for purchase by Ørsted for cash (such invitation, the ‘Offer’).
  • The Offer was announced on 5 March 2024 and was made on the terms and subject to the conditions contained in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’).
  • Capitalised terms used in this announcement and not otherwise defined have the meaning given to them in the Tender Offer Memorandum.
  • As at the Expiration Deadline for the Offer being at 17:00 CET on 11 March 2024, EUR 249,544,000 in aggregate principal amount of the Securities was validly tendered pursuant to the Offer.

Notification of managers’ transactions

Retrieved on: 
Wednesday, March 13, 2024

Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.

Key Points: 
  • Ørsted A/S has received the enclosed notification pursuant to Article 19 of EU Regulation no.
  • 596/2014 of transactions related to shares in Ørsted A/S made by persons discharging managerial responsibilities in Ørsted A/S and/or persons closely associated with them.
  • See the transactions of Senior Vice President and Head of Strategy, Innovation, Portfolio, Partnerships & M&A Varun Sivaram in the attached PDF document.