Bavarian Nordic A/S – Report on Ordinary General Meeting 29 April 2003
Persuant to announcement, the Annual General Meeting of Bavarian Nordic A/S was held today 29 April 2003.
The report of the Chairman and the financial statements for 2002 were adopted by the general meeting. The Board of Directors’ propoposal to transfer the result of the year to next year was also adopted.
The Board of Directors’ proposal to amend the articles of association as follows: § 8, § 5c, § 10, section 4, and § 12, section 1 were adopted. The amendment of § 5a was also adopted as it was informed that it was the intention of the Board of Directors to utilize the authorization only after issuing a prospectus in the event that the share capital is increased by cash contribution.
The auditors as well as the members elected by the general meeting were all re-elected.
The Board of Directors was given authorization to purchase its own shares during the period until the next ordinary general meeting – however, so that the company possesses no more than 10% of the share capital. The payment must not differ by more than 10% from the buying price as quoted on the Copenhagen Stock Exchange.
