Bavarian CEO, CFO to get extended termination notice under bid

Bavarian CEO, CFO to get extended termination notice under bid

Bavarian Nordic A/S, a global vaccine company, has announced that the termination notice for its CEO, Luc Debruyne, and CFO will be extended under the current takeover bid. The company's board of directors has issued a statement detailing the extension, which is subject to the Danish Executive Order no. 614 of 2 June 2025 on Takeover Offers.

The extension of the termination notice follows a thorough analysis by the board, which has considered the potential benefits of the takeover offer by Innosera ApS. The offer, supported by Nordic Capital Fund XI1 and Permira Beteiligungsberatung GmbH, aims to provide shareholders with immediate and certain value at terms deemed attractive by the board.

In their statement, the board emphasized that the offer supports the company's growth strategy and aligns with its mission to improve health and save lives through innovative vaccines. The board's unanimous recommendation for shareholders to accept the offer underscores their confidence in the terms and potential benefits of the deal.

The board's statement, prepared in Danish and English, is available on Bavarian Nordic's website. Shareholders are encouraged to read the detailed offer document and the related documents before making a decision.

For more information, contact:
- Investors: Rolf Sass Sørensen, Vice President Investor Relations, rss@bavarian-nordic.com, Tel: +45 61 77 47 43
- Media: Nicole Seroff, Vice President Corporate Communications, nise@bavarian-nordic.com, Tel: +45 53 88 06 03

[1] https://finance.yahoo.com/news/publication-statement-board-directors-respect-061500504.html