Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such
Pursuant to Section ยง 28a of the Danish Act on Securities Trading, Bavarian
Nordic A/S shall make public transactions of shares and related securities of
Bavarian Nordic A/S by persons holding managerial responsibilities and/or
persons/companies closely associated with such.
Anders Hedegaard, President & CEO of Bavarian Nordic A/S, has notified the
company that he, under the ongoing rights issue, has purchased 4,000 preemptive
rights for the subscription of 2,000 new shares. The total transaction value
after subscription of the new shares will amount to DKK 239,672.00
Name Anders Hedegaard
Reason for transaction President & CEO of Bavarian Nordic A/S
Issuer Bavarian Nordic A/S
ID code/ISIN DK0060205268
Description Preemptive rights
Transaction Purchase
Trading date 13 January 2010
Market NASDAQ OMX Copenhagen
Number 4,000
Market value (DKK) 79,672.00
Name Anders Hedegaard
Reason for transaction President & CEO of Bavarian Nordic A/S
Issuer Bavarian Nordic A/S
ID code/ISIN DK0060205185
Description New shares
Transaction Exercise of preemptive right for the subscription of
new shares
Trading date 26 January 2010
Market NASDAQ OMX Copenhagen
Number 2,000
Market value (DKK) 160,000.00
Contact
Anders Hedegaard, President & CEO. Phone +45 23 20 30 64
Not for release, publication or distribution, directly or indirectly in or into
Australia, Canada, Japan or the United States
This announcement does not constitute or form part of an offer to sell or the
solicitation of an offer to buy the securities of Bavarian Nordic A/S (the
"Securities") in Australia, Canada, Japan or the United States or in any other
jurisdiction. The Securities may not be offered or sold in the United States
absent registration or an exemption from registration under the U.S. Securities
Act of 1933, as amended. The issuer of the Securities has not registered, and
does not intend to register, any portion of the Offering in the United States or
in any jurisdiction outside Denmark and the United Kingdom, and does not intend
to conduct a public offering of the Securities in the United States or in any
jurisdiction outside Denmark and the United Kingdom. Copies of this announcement
are not being made and may not be distributed or sent into Australia, Canada,
Japan or the United States.
[HUG#1373365]
