Bavarian Nordic plans DKK 150 million share buy-back to adjust capital structure

From GlobeNewswire: 2024-12-11 02:14:31

Bavarian Nordic A/S plans to launch a share buy-back program of up to DKK 150 million in the first quarter of 2025. The decision is based on improved visibility around the Company’s Travel Health business, with better-than-expected performance, tech-transfer of vaccines, and improved gross margins expected. President and CEO, Paul Chaplin, stated the program is part of a transformative five-year integration plan and will help adjust the capital structure. The shares bought back will be held as treasury stock. The program will be carried out in accordance with the authorization granted by the general meeting of shareholders.



Read more at GlobeNewswire: Bavarian Nordic to Launch DKK 150 Million Share Buy-back