Bavarian Nordic – Completion of Share Buy-Back Program

Bavarian Nordic A/S has completed the third and final tranche of its 2026 share buy-back program, repurchasing approximately DKK 150 million worth of shares (820,607 shares at an average price of DKK 182.79). The company now holds 3,558,591 treasury shares, representing 4.49% of its share capital, which will be held for capital structure adjustment purposes.