Report of transactions of shares and related securities of Bavarian Nordic by persons holding managerial responsibilities and/or persons/companies closely associated with such
05 March 2025 - 6:07PM
UK Regulatory
Report of transactions of shares and related securities of Bavarian
Nordic by persons holding managerial responsibilities and/or
persons/companies closely associated with such
COPENHAGEN, Denmark, March 5, 2025 –
Bavarian Nordic A/S (OMX: BAVA) has today received information
about the following transactions of the Company’s shares/related
securities by persons holding managerial responsibilities and/or
persons/companies closely associated with such, which are hereby
reported in accordance with Article 19 of Regulation No. 596/2014
on Market Abuse and Implementing Regulation 2016/523.
The transactions relate to the award and vesting
of restricted stock units (RSUs) under the short-term incentive
scheme for the Company’s Executive Management. The scheme is
cash-based; however, in accordance with the Company’s remuneration
policy, the Board of Directors may decide to defer the bonus, in
full or in part, by conversion of the cash bonus into RSUs
including matching shares, which have a vesting period of a minimum
of three years after grant. The reported award transactions relate
to the Executive Management’s performance in 2024, for which 50% of
the cash bonus has been converted into RSUs, in addition to
matching shares. The reported vesting transactions related to RSUs
and matching shares awarded in 2022, using the principle as
outlined above.
|
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
|
a) |
Name |
Paul Chaplin |
|
2. |
Reason for the notification |
|
a) |
Position/status
|
President and Chief Executive Officer of Bavarian Nordic A/S |
|
b) |
Initial notification/Amendment |
Initial notification |
|
3. |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor |
|
a) |
Name |
Bavarian Nordic A/S |
|
b) |
LEI |
2138006JCDVYIN6INP51 |
|
4. |
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted |
|
a) |
Description of the financial instrument, type of instrument
Identification code |
Shares
DK0015998017 |
|
b) |
Nature of the transaction |
Acquisition of shares (vesting of restricted stock units) |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
DKK 108.71 |
12,543 |
|
d) |
Aggregated information
|
12,543
DKK 1,363,566.00 |
|
e) |
Date of the transaction |
2025-03-05 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
|
a) |
Name |
Paul Chaplin |
|
2. |
Reason for the notification |
|
a) |
Position/status
|
President and Chief Executive Officer of Bavarian Nordic A/S |
|
b) |
Initial notification/Amendment |
Initial notification |
|
3. |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor |
|
a) |
Name |
Bavarian Nordic A/S |
|
b) |
LEI |
2138006JCDVYIN6INP51 |
|
4. |
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted |
|
a) |
Description of the financial instrument, type of instrument
Identification code |
Restricted Stock Units
DK0015998017 |
|
b) |
Nature of the transaction |
Grant |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
DKK 114.43 |
36,634 |
|
d) |
Aggregated information
|
36,634
DKK 4,192,044.00 |
|
e) |
Date of the transaction |
2025-03-05 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
|
a) |
Name |
Henrik Juuel |
|
2. |
Reason for the notification |
|
a) |
Position/status
|
Executive Vice President and Chief Financial Officer of Bavarian
Nordic A/S |
|
b) |
Initial notification/Amendment |
Initial notification |
|
3. |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor |
|
a) |
Name |
Bavarian Nordic A/S |
|
b) |
LEI |
2138006JCDVYIN6INP51 |
|
4. |
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted |
|
a) |
Description of the financial instrument, type of instrument
Identification code |
Shares
DK0015998017 |
|
b) |
Nature of the transaction |
Acquisition of shares (vesting of restricted stock units) |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
DKK 108.71 |
6,480 |
|
d) |
Aggregated information
|
6,480
DKK 704,425.00 |
|
e) |
Date of the transaction |
2025-03-05 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
|
a) |
Name |
Henrik Juuel |
|
2. |
Reason for the notification |
|
a) |
Position/status
|
Executive Vice President and Chief Financial Officer of Bavarian
Nordic A/S |
|
b) |
Initial notification/Amendment |
Initial notification |
|
3. |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor |
|
a) |
Name |
Bavarian Nordic A/S |
|
b) |
LEI |
2138006JCDVYIN6INP51 |
|
4. |
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted |
|
a) |
Description of the financial instrument, type of instrument
Identification code |
Restricted Stock Units
DK0015998017 |
|
b) |
Nature of the transaction |
Grant |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
DKK 114.43 |
21,922 |
|
d) |
Aggregated information
|
21,922
DKK 2,508,480.00 |
|
e) |
Date of the transaction |
2025-03-05 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
|
a) |
Name |
Jean-Christophe May |
|
2. |
Reason for the notification |
|
a) |
Position/status
|
Executive Vice President and Chief Commercial Officer of Bavarian
Nordic A/S |
|
b) |
Initial notification/Amendment |
Initial notification |
|
3. |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor |
|
a) |
Name |
Bavarian Nordic A/S |
|
b) |
LEI |
2138006JCDVYIN6INP51 |
|
4. |
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted |
|
a) |
Description of the financial instrument, type of instrument
Identification code |
Shares
DK0015998017 |
|
b) |
Nature of the transaction |
Acquisition of shares (vesting of restricted stock units) |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
DKK 108.73 |
4,726 |
|
d) |
Aggregated information
|
4,726
DKK 513,839.00 |
|
e) |
Date of the transaction |
2025-03-05 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
|
a) |
Name |
Jean-Christophe May |
|
2. |
Reason for the notification |
|
a) |
Position/status
|
Executive Vice President and Chief Commercial Officer of Bavarian
Nordic A/S |
|
b) |
Initial notification/Amendment |
Initial notification |
|
3. |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor |
|
a) |
Name |
Bavarian Nordic A/S |
|
b) |
LEI |
2138006JCDVYIN6INP51 |
|
4. |
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted |
|
a) |
Description of the financial instrument, type of instrument
Identification code |
Restricted Stock Units
DK0015998017 |
|
b) |
Nature of the transaction |
Grant |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
DKK 114.43 |
15,259 |
|
d) |
Aggregated information
|
15,259
DKK 1,746,084.00 |
|
e) |
Date of the transaction |
2025-03-05 |
|
f) |
Place of the transaction |
Outside a trading venue |
|
1. |
Details of the person discharging managerial
responsibilities/person closely associated |
|
a) |
Name |
Russell Thirsk |
|
2. |
Reason for the notification |
|
a) |
Position/status
|
Executive Vice President and Chief Operating Officer of Bavarian
Nordic A/S |
|
b) |
Initial notification/Amendment |
Initial notification |
|
3. |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor |
|
a) |
Name |
Bavarian Nordic A/S |
|
b) |
LEI |
2138006JCDVYIN6INP51 |
|
4. |
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted |
|
a) |
Description of the financial instrument, type of instrument
Identification code |
Restricted Stock Units
DK0015998017 |
|
b) |
Nature of the transaction |
Grant |
|
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
|
|
|
DKK 114.43 |
15.826 |
|
d) |
Aggregated information
|
15.826
DKK 1,811,040.00 |
|
e) |
Date of the transaction |
2025-03-05 |
|
f) |
Place of the transaction |
Outside a trading venue |
About Bavarian Nordic
Bavarian Nordic is a global vaccine company with a mission to
improve health and save lives through innovative vaccines. We are a
preferred supplier of mpox and smallpox vaccines to governments to
enhance public health preparedness and have a leading portfolio of
travel vaccines. For more information, visit
www.bavarian-nordic.com.
Contact investors:
Europe: Rolf Sass Sørensen, Vice President Investor Relations,
rss@bavarian-nordic.com, Tel: +45 61 77 47 43
US: Graham Morrell, Paddock Circle Advisors,
graham@paddockcircle.com, Tel: +1 781 686 9600
Contact media:
Nicole Seroff, Vice President Corporate Communications,
nise@bavarian-nordic.com, Tel: + 45 53 88 06 03
Company Announcement no. 10 / 2025
Bavarian Nordic AS (TG:BV3)
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