On June 10, 2021 Bavarian Nordic A/S (OMX: BAVA, OTC: BVNRY) reported that the Company’s share capital has been increased by nominally DKK 804,440 as a consequence of employees’ exercise of warrants (Press release, Bavarian Nordic, JUN 10, 2021, View Source [SID1234583828]).

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The capital increase was effected without any pre-emption rights for the existing shareholders of the Company or others. A total of 80,444 new shares were subscribed for in cash at DKK 205.80 per share of nominally DKK 10. The total proceeds to Bavarian Nordic A/S from the capital increase amounts to DKK 16.6 million.

The new shares, which will rank pari passu in all respects with existing Bavarian Nordic shares, will be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible.

After the capital increase, the total nominal value of Bavarian Nordic A/S’ share capital is DKK 638,172,480, which is made up of 63,817,248 shares of a nominal value of DKK 10 each, corresponding to 63,817,248 votes.

The revised Articles of Association will be published separately and will subsequently be available on the Company’s website.

The content of this announcement does not affect the Company’s expectations for the financial results for 2021.