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Capital Increase in Bavarian Nordic A/S as a Result of Employee Warrant Exercise | ||
By: Nasdaq / GlobeNewswire - 29 Mar 2017 | Back to overview list |
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COPENHAGEN, Denmark, March 29, 2017 - Bavarian Nordic A/S (OMX: BAVA, OTC: BVNRY) announced today that the Company's share capital has been increased by nominally DKK 697,000 as a consequence of employees' exercise of warrants. The capital increase was effected without any pre-emption rights for the existing shareholders of the Company or others. The shares were subscribed for in cash at the following prices per share of nominally DKK 10: 2,700 shares at DKK 54.00 and 67,000 shares at DKK 96.50. The total proceeds to Bavarian Nordic A/S from the capital increase amounts to DKK 6.6 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. Pursuant to section 10 of Executive Order no. 1258 of November 9, 2015 on Issuers' Disclosure Obligations, it is hereby announced, that the total nominal value of Bavarian Nordic A/S' share capital after the capital increase is DKK 314,235,460, which is made up of 31,423,546 shares of a nominal value of DKK 10 each, corresponding to 31,423,546 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 2017.
About Bavarian Nordic
Forward-looking statements
Contacts
Seth Lewis
Company Announcement no. 8 / 2017
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Bavarian Nordic A/S via GlobeNewswire
HUG#2091674
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