MedWatch

Bavarian increases capital of USD 8.9m from selling shares

Bavarian Nordic issues new equity, and employees have exercised their purchase options.

Photo: Philip Davali/Ekstra Bladet, Philip Davali

Bavarian Nordic employees have exercised their purchase options and subscribed for shares worth USD 8.9m (DKK 56m), the company informs in a statement.

A total of 100,152 shares have been issued priced at USD 32.7 (DKK 205.6) a piece, with another tier of 147,717 going for USD 38 (DKK 239.6) per share.

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