Bavarian Nordic A/S – Report on the results of the Annual Meeting, held 30 April 2004
The Annual General Meeting of Bavarian Nordic A/S was held today 30 April 2004 with the following results:
The Chairman of the Board’s report and financial statements for 2003 were adopted at the General Meeting. The Board of Directors’ proposal to transfer the company’s 2003 result to 2004 was also adopted.
The Board of Directors’ proposal to amend the Articles of Association of § 2 was adopted.
The Board of Directors were re-elected along with the election of Ulrik Bülow as a board member. In addition the auditors were re-elected.
The Board of Directors proposal to transfer the company’s share premium account to the company’s free reserves was adopted at the General meeting. The decision will be advertised in the Official Gazette (Statstidende) publication for a three-month period before the decision is executed.
The Board of Directors was given authorization to purchase its shares of company stock in the period up to the next Annual Meeting. However, it was decided that the company should possess no more than 10% of its share capital and that payment must not differ more than 10% from the buying price quoted by the Copenhagen Stock Exchange on the day the decision is implemented.
