Yahoo Finance Bavarian Nordic – Transactions in Connection with Share Buy-Back Program and Termination of Share Buy-Back Program
COPENHAGEN, Denmark, May 21, 2024 – Bavarian Nordic A/S (OMX: BAVA) announces that the share buy-back program, which was announced and initiated on May 8, 2024, has now been terminated, as the intended number of shares under the program has been repurchased. The program was executed in accordance with the provisions of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and supplementing Regulation (EU) 2016/1052 of 8 March 2016, which together constitute the Safe Harbour Regulation. The purpose of the program was to meet the Company’s obligations arising from the share-based incentive program for the Board of Directors and Executive Management.
Under the program Bavarian Nordic A/S has bought back 162,288 shares, cf. the table below:
Transaction date | Number of shares | Average purchase price, DKK | Transaction Value, DKK |
May 8, 2024 | 25,000 | 158.74 | 3,968,500 |
May 13, 2024 | 25,000 | 163.93 | 4,098,250 |
May 14, 2024 | 25,000 | 167.74 | 4,193,500 |
May 15, 2024 | 35,000 | 169.76 | 5,941,600 |
May 16, 2024 | 15,000 | 173.86 | 2,607,900 |
May 17, 2024 | 13,000 | 179,57 | 2,334,410 |
May 21, 2024 | 24,288 | 175.77 | 4,269,102 |
Accumulated under the program | 162,288 | 168.92 | 27,413,262 |
The details for each transaction made under the share repurchase program have been attached to this announcement.
With the transactions stated above, Bavarian Nordic A/S owns a total of 288,222 own shares, corresponding to 0.37%% of the share capital. The total amount of shares in the company is 78,097,834 including treasury shares.
About Bavarian Nordic
Bavarian Nordic is a fully integrated vaccine company with a mission to protect and save lives through innovative vaccines. We are a global leader in smallpox and mpox vaccines, supplied to governments to enhance public health preparedness and have a strong portfolio of vaccines for travelers and endemic diseases. For more information visit www.bavarian-nordic.com.
Forward-looking statements
This announcement includes forward-looking statements that involve risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements include statements concerning our plans, objectives, goals, future events, performance and/or other information that is not historical information. All such forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent events or circumstances after the date made, except as required by law.
Contacts
Europe: Rolf Sass Sørensen, Vice President Investor Relations, rss@bavarian-nordic.com, Tel: +45 61 77 47 44
US: Graham Morrell, graham@paddockcircle.com, Tel: +1 781 686 9600
Company Announcement no. 15 / 2024
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