Bavarian Nordic A/S – Report on the results of the Annual Meeting, held 26 April
2005
The Annual General Meeting of Bavarian Nordic A/S was held today 26 April 2005 with the following results:
The Chairman of the Board’s report and financial statements for 2004 were adopted at the General Meeting. The Board of Directors’ proposal to transfer the company’s 2004 result to 2005 was also adopted.
The Board of Directors were re-elected.
Deloitte was elected as auditors.
The Board of Directors’ proposal to amend the Articles of Association of § 5a (authorisation for increase of the company’s share capital) and § 5b (authorisation for issue of warrants for employees) was adopted.
The Board of Directors was given authorisation to purchase its own 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.
