Bavarian Nordic Issues New Shares In Connection With Exercise Of Warrants

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KVISTGAARD, Denmark, May 27, 2014 - Bavarian Nordic A/S (OMX: BAVA, OTC: BVNRY) announced today that the Company’s share capital has been increased by nominally DKK 185,020 as a consequence of the exercise of warrants. After registration of the capital increase, Bavarian Nordic A/S’ share capital amounts to DKK 261,128,630.

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