Bavarian Nordic – Transactions in Connection with Share Buy-Back Program

What happened

Bavarian Nordic repurchased shares under a buy-back program launched September 1, 2026, for up to DKK 250 million through October 30, 2026. Nordea executed the trades, and the company now holds 4,522,804 treasury shares, equal to 5.71% of its share capital.

Confirmed

Global impact / market context

Buy-backs reduce the number of shares available to investors, which can support the share price by making each remaining share represent a larger slice of the company. They also use cash the company could otherwise spend on research, manufacturing, or vaccine development.

Analyst inference

The program runs under European market abuse rules known as the Safe Harbour Regulation, which means the purchases follow preset legal conditions. Investors can track daily trade disclosures to see how quickly the company uses the DKK 250 million and how buy-backs compare with its vaccine business spending.

Analyst inference

What to watch

1. The buy-back program is scheduled to end on October 30, 2026, so watch whether purchases continue at a similar pace until that date or stop earlier. Confirmed
2. Watch whether the company announces a new buy-back program after this one ends, since that would signal continued willingness to return cash to shareholders. Proposed
3. Track the treasury share percentage, currently 5.71%, because a rising figure reduces the free float, meaning the shares available for public trading. Analyst inference

Evidence

• globenewswire.com