Bagsværd, Denmark, 19 August 2024 – On 7 August 2024, Novo Nordisk initiated a share repurchase programme in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the “Safe Harbour Rules”). This programme is part of the overall share repurchase programme of up to DKK 20 billion to be executed during a 12-month period beginning 6 February 2024.
Under the programme initiated 7 August 2024, Novo Nordisk will repurchase B shares for an amount up to DKK 2.4 billion in the period from 7 August 2024 to 4 November 2024.
Since the announcement 12 August 2024, the following transactions have been made:
Number of
B sharesAverage
purchase priceTransaction
value, DKKAccumulated, last announcement130,250 112,401,27712 August 202440,953901.9336,936,77913 August 202441,000897.6036,801,78414 August 202441,000904.2137,072,72115 August 202440,984919.7137,693,36716 August 202441,000919.6837,707,059Accumulated under the programme335,187 298,612,988
The details for each transaction made under the share repurchase programme are published on novonordisk.com.
Transactions related to Novo Nordisk’s incentive programmes have resulted in a net transfer from Novo Nordisk of 14,129 B shares in the period from 12 August 2024 to 16 August 2024. The shares in these transactions were not part of the Safe Harbour repurchase programme.
With the transactions stated above, Novo Nordisk owns a total of 12,730,944 B shares of DKK 0.10 as treasury shares, corresponding to 0.3% of the share capital. The total amount of A and B shares in the company is 4,465,000,000 including treasury shares.
Novo Nordisk expects to repurchase B shares for an amount up to DKK 20 billion during a 12-month period beginning 6 February 2024. As of 16 August 2024, Novo Nordisk has since 6 February 2024 repurchased a total of 11,402,313 B shares at an average share price of DKK 879.32 per B share
