LSE:Orsted

Sunrise Wind receives federal record of decision, takes final investment decision

Retrieved on: 
Wednesday, April 10, 2024
Wind, Interior, Development, COP, National Environmental Policy Act, Bureau, BOEM, Acquisition, Capital, Woman, Eversource Energy, New Yorker, Workforce, USD, Hand, Rod, Record, Renewable energy

Sunrise Wind receives federal record of decision, takes final investment decision

Key Points: 
  • Sunrise Wind receives federal record of decision, takes final investment decision
    Sunrise Wind today received its Record of Decision (RoD) from the US Department of the Interior's Bureau of Ocean Energy Management (BOEM), crossing a critical milestone in the federal environmental review process for the offshore wind project serving New York.
  • Additionally, Ørsted and Eversource today announced they have jointly taken a final investment decision on Sunrise Wind, solidifying the commitment to build the project, and will now advance with some important onshore construction activities.
  • Sunrise Wind will bring USD 700 million of investment to Suffolk County and create 800 direct jobs and thousands of indirect jobs in the state.
  • With the federal Record of Decision in hand and our final investment decision having been made, we can continue to create hundreds of local union jobs and stand up a vibrant supply chain.

Ørsted updates its executive management structure and appoints Rasmus Errboe as Deputy CEO

Retrieved on: 
Wednesday, April 10, 2024
Digital, CCO, Innovation, Risk management, Commercial, CFO, Management

As part of the new management structure, Ørsted establishes a new Commercial organisation under Rasmus Errboe, who is appointed Deputy CEO and Chief Commercial Officer (CCO).

Key Points: 
  • As part of the new management structure, Ørsted establishes a new Commercial organisation under Rasmus Errboe, who is appointed Deputy CEO and Chief Commercial Officer (CCO).
  • Due to his new role, Rasmus Errboe will be part of the registered management of Ørsted A/S.
  • Mads Nipper, Group President and CEO of Ørsted, says:
    “I’m delighted to announce that Rasmus Errboe has accepted the role of Deputy CEO and CCO.
  • Rasmus Errboe, Deputy CEO and Chief Commercial Officer, says:
    "I’m very pleased to take on the role as Deputy CEO and CCO at Ørsted.

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

Retrieved on: 
Wednesday, March 13, 2024
Remuneration, Chair, A/S, PwC, Annual report, Executive, Holding company

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
ACT, Dark, BBB, ITS, Shades of green, Danske Bank, Darkness, Investment, J. P. Morgan, ANY, Tender offer, EUR, NOT, Morgan Stanley, Fitch, Citigroup, A/S, AS, HSBC, Security (finance)

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
A/S, PDF, Person, Executive

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
PDF, A/S, Person

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
ACT, ITS, Danske Bank, Accrued interest, J. P. Morgan, ANY, Purchasing, NOT, Morgan Stanley, Capital, A/S, Tender, AS, HSBC, Security (finance)

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
Senior, PDF, A/S, Person

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
ACT, ANY, Tender offer, ITS, A/S, EUR, NOT, AS

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
Region, Senior, A/S, PDF, Person

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.