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

COPENHAGEN, Denmark, September 21, 2026 – Bavarian Nordic A/S (OMX: BAVA) announces transactions under the share buy-back program launched on September 1, 2026, under which the Company will repurchase shares for an amount up to DKK 250 million in the period from September 1, 2026 to October 30, 2026. The program is executed in accordance with Regulation (EU) No. 596/2014 (as amended) of the European Parliament and of the Council on market abuse and Commission Delegated Regulation (EU) 2016/1052, which together constitute the Safe Harbour Regulation.

Since the last announcement of transactions on September 14, 2026, the following transactions have been made by Nordea on behalf of Bavarian Nordic: 

 

Number of shares

Average purchase price, DKK

Transaction value, DKK

Accumulated until September 14, 2026

283,435

212.86

60,331,061

September 14, 2026

 14,850

203.58

 3,023,148

September 15, 2026

 42,351

200.82

 8,505,114

September 16, 2026

 6,943

201.71

 1,400,439

September 17, 2026

 37,000

205.63

 7,608,218

September 18, 2026

 16,743

208.15

 3,485,104

Accumulated under the program

401,322

210.19

84,353,084

The details for each transaction made under the share repurchase program are published on bavarian-nordic.com

Following these transactions, Bavarian Nordic holds a total of 3,959,913 treasury shares, corresponding to 4.996% of the Company’s share capital.

About Bavarian Nordic
Bavarian Nordic is a global vaccine company with a mission to improve health and save lives through innovative vaccines. We are a preferred supplier of mpox and smallpox vaccines to governments to enhance public health preparedness and have a leading portfolio of travel vaccines. For more information, visit www.bavarian-nordic.com 

Forward-looking statements
This announcement includes forward-looking statements that involve risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements include statements concerning our plans, objectives, goals, future events, performance and/or other information that is not historical information. All such forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent events or circumstances after the date made, except as required by law. 

Contact investors:
Anders Hjort, Head of Investor Relations, ahjo@bavarian-nordic.com, Tel: +45 44 74 99 58
Graham Morrell, Gilmartin Group, graham@gilmartinir.com, Tel: +1 781 686 9600 

Contact media:
Isabel Hagbrink, Head of Media Relations, isha@bavarian-nordic.com, Tel: +45 71 79 67 33

Company Announcement no. 44 / 2026

Published on September 21, 2026, 8:41 CET