Bagsværd, Denmark, 1 November 2023 – On 10 August 2023, 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 30 billion to be executed during a 12-month period beginning 1 February 2023.
Under the programme initiated 10 August 2023, Novo Nordisk will repurchase B shares for an amount up to DKK 5.7 billion in the period from 10 August 2023 to 31 October 2023. The programme is now concluded.
Since the announcement 23 October 2023, the following transactions have been made:
Number of B shares (of DKK 0.10)Average purchase priceTransaction value, DKKAccumulated, last announcement7,703,162 5,051,680,57023 October 2023145,000682.9099,020,86824 October 2023145,000676.5998,104,87525 October 2023140,500690.8397,061,19726 October 2023138,000676.0393,292,72727 October 2023140,000666.1493,258,92430 October 2023145,000676.4398,082,89731 October 2023101,454683.2969,322,655Accumulated under the programme8,658,116 5,699,824,713
The details for each transaction made under the share repurchase programme are published on novonordisk.com.
With the transactions stated above, Novo Nordisk owns a total of 41,151,800 B shares of DKK 0.10 as treasury shares, corresponding to 0.9% of the share capital. The total amount of A and B shares of DKK 0.10 in the company is 4,510,000,000 including treasury shares.
Novo Nordisk expects to repurchase B shares for an amount up to DKK 30 billion during a 12-month period beginning 1 February 2023. As of 31 October 2023, Novo Nordisk has since 1 February 2023 repurchased a total of 37,095,278 B shares of DKK 0.10 at an average share price of DKK 565.81 per B share of DKK 0.10 equal to a transaction value of DKK 20,989,055,298
Novo Nordisk is a leading global healthcare company, founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat serious chronic diseases, built upon our heritage in diabetes. We do so by pioneering scientific breakthroughs, expanding access to our medicines, and working to prevent and ultimately cure disease. Novo Nordisk employs about 59,000 people in 80 countries and markets its products in around 170 countries. Novo Nordisk’s B shares are listed on Nasdaq Copenhagen (Novo-B). Its ADRs are listed on the New York Stock Exchange (NVO). For more information, visit novonordisk.com, Facebook, Instagram, X, LinkedIn and YouTube.
Contacts for further information
Company announcement No 67/2023