Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such

19 January 2010
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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. 

Pursuant to Section § 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. 

Name

Claus Bræstrup

Reason for transaction

Member of the Board of Bavarian Nordic A/S

Issuer

Bavarian Nordic A/S

ID code/ISIN

DK0060205185

Description

New shares

Transaction

Exercise of preemptive rights for the subscription of new shares

Trading date

18 January 2010

Market

NASDAQ OMX Copenhagen

Number

750

Market value (DKK)

60,000.00

 

 

 

Name

Erling Johansen

Reason for transaction

Member of the Board of Bavarian Nordic A/S

Issuer

Bavarian Nordic A/S

ID code/ISIN

DK0060205185

Description

New shares

Transaction

Exercise of preemptive rights for the subscription of new shares

Trading date

29 January 2010

Market

NASDAQ OMX Copenhagen

Number

450

Market value (DKK)

36,000.00

 

 

 

Name

Ole Larsen

Reason for transaction

Member of the Group Management of Bavarian Nordic A/S

Issuer

Bavarian Nordic A/S

ID code/ISIN

DK0060205185

Description

New shares

Transaction

Exercise of preemptive rights for the subscription of new shares

Trading date

18 January 2010

Market

NASDAQ OMX Copenhagen

Number

400

Market value (DKK)

32,000.00

 

 

 

Name

Reiner Laus

Reason for transaction

Member of the Group Management of Bavarian Nordic A/S

Issuer

Bavarian Nordic A/S

ID code/ISIN

DK0060205268

Description

Preemptive rights

Transaction

Sale

Trading date

18 January 2010

Market

NASDAQ OMX Copenhagen

Number

136,000

Market value (DKK)

4,216,000.00

 

 

 

Name

Erling Johansen

Reason for transaction

Member of the Board of Bavarian Nordic A/S

Issuer

Bavarian Nordic A/S

ID code/ISIN

DK0060205268

Description

Preemptive rights

Transaction

Sale

Trading date

14 January 2010

Market

NASDAQ OMX Copenhagen

Number

2,246

Market value (DKK)

48,110.00

 

 

 

Contact:

Anders Hedegaard, President & CEO.
Phone: +45 23 20 30 64