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Form of Proxy

BAVARIAN NORDIC A/S

Notes

No. Proposition For Against Abstain
1

Approval of the annual report for 2025

2

Application of profit or covering of loss pursuant to the annual report as adopted

3

Presentation of and indicative vote on the Remuneration Report

4

Discharge of the Board of Directors and the Board of Management from liability

5

Non-votable: Election of members to the Board of Directors: It is possible to vote for up to seven (7) of the eight (8) candidates. If eight (8) votes are submitted for this item, all votes under this item will be invalid. The Board does not support the nomination of Lars Wismann as proposed and nominated by shareholder Wismann Holding ApS.

6

Re-election of Anne Louise Eberhard

7

Re-election of Frank Verwiel

8

Re-election of Heidi Hunter

9

Re-election of Johan van Hoof

10

Election of Charl van Zyl

11

Election of Hans Martin Smith

12

Election of Svend Andersen

13

Election of Lars Wismann

14

Non-votable: Election of auditor

15

Re-election of KPMG as auditor

16

Non-votable: Proposals from the Board of Directors or shareholders

17

Authorization of the Board of Directors in Article 5a, section 1-3 of the Articles of Association to increase the Company's share capital

18

Authorization of the Board of Directors in Article 5a, section 4 of the Articles of Association to issue convertible notes

19

Authorization of the Board of Directors in Article 5b of the Articles of Association to issue warrants

20

Approval of the remuneration of the Board of Directors and the Board Committees for the current financial year

21

Authorization of the Board of Directors to repurchase own shares