Bavarian Nordic A/S completes registration of share capital increase and upgrades its expectations to year-end cash preparedness
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Kvistgård, Denmark, 6 December 2010 - Bavarian Nordic A/S (OMX: BAVA) announce that the capital increase in connection with the private placement has been registered. Please refer to Company Announcement no. 37 / 2010.
Bavarian Nordic A/S announce that the capital increase of nominal DKK 10,500,000 (1,050,000 shares of a nominal value of DKK 10 each), representing 8.8% of the share capital prior to the capital increase, in connection with the private placement has today been completed and registered with the Danish Commerce and Companies Agency.
The new shares will be listed under the existing ISIN code DK0015998017 for the existing shares on NASDAQ OMX Copenhagen with effect from 8 December 2010.
As a consequence of the capital increase, the company raises its expectations to the 2010 year-end cash preparedness, which is now expected to be in the level of DKK 450 million, compared to previous guidance of DKK 250 million.
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