Remuneration Reports

The remuneration reports provide an overview of the total remuneration received by each member of the Board of Directors and of the Executive Management of Bavarian Nordic, registered with the Danish Business Authority. The reports have been prepared in accordance with section 139b of the Danish Companies Act and the European Commission Guidelines on the standardized presentation of the remuneration report under the Shareholder Rights Directive (SRD) (Directive 2007/36/EC), as amended by SRD II (Directive (EU) 2017/828).