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Healthcare

BRIEF-Bavarian Nordic Announces Result Of Rights Issue

March 27 (Reuters) - Bavarian Nordic A/S:

* BAVARIAN NORDIC ANNOUNCES RESULT OF THE RIGHTS ISSUE

* ANNOUNCES RESULT OF OFFERING OF 25,911,252 NEW SHARES WITH PREEMPTIVE RIGHTS FOR COMPANY’S EXISTING SHAREHOLDERS AT A RATIO OF 4:5 AND A SUBSCRIPTION PRICE OF DKK 109 PURSUANT TO PROSPECTUS DATED MARCH 6, 2020

* 17,629,889 NEW SHARES HAVE BEEN SUBSCRIBED BY EXISTING SHAREHOLDERS THROUGH EXERCISE OF THEIR ALLOCATED PREEMPTIVE RIGHTS OR BY OTHER INVESTORS THROUGH EXERCISE OF ACQUIRED PREEMPTIVE RIGHTS.

* OFFERING WILL RAISE GROSS PROCEEDS TO COMPANY OF DKK 2,824 MILLION WITH NET PROCEEDS (GROSS PROCEEDS LESS ESTIMATED COSTS OF OFFERING) EXPECTED TO BE APPROXIMATELY DKK 2,724 MILLION. Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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