Novo Nordisk A/S – Share repurchase programme
Novo Nordisk A/S – Share repurchase programme
Bagsværd, Denmark, 28 October 2019 – On 9 August 2019, 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 15 billion to be executed during a 12-month period beginning 1 February 2019.
Under the programme initiated 9 August 2019, Novo Nordisk will repurchase B shares for an amount up to DKK 2.6 billion in the period from 9 August 2019 to 30 October 2019.
Since the announcement as of 21 October 2019, the following transactions have been made:
| Number of B shares | Average purchase price | Transaction value, DKK | |
| Accumulated, last announcement | 6,484,950 | 2,265,214,177 | |
| 21 October 2019 | 115,000 | 351.15 | 40,382,716 |
| 22 October 2019 | 118,000 | 356.99 | 42,124,767 |
| 23 October 2019 | 118,000 | 359.13 | 42,376,815 |
| 24 October 2019 | 118,000 | 364.06 | 42,958,573 |
| 25 October 2019 | 115,000 | 363.06 | 41,752,086 |
| Accumulated under the programme | 7,068,950 | 2,474,809,134 |
The details for each transaction made under the share repurchase programme are published on .
With the transactions stated above, Novo Nordisk owns a total of 37,628,994 B shares of DKK 0.20, corresponding to 1.6% of the share capital, as treasury shares. The total amount of A and B shares in the company is 2,400,000,000 including treasury shares.
Novo Nordisk expects to repurchase B shares for an amount up to DKK 15 billion during a 12-month period beginning 1 February 2019. As of 25 October, Novo Nordisk has since 1 February 2019 repurchased a total of 30,469,962 B shares at an average share price of DKK 331.79 per B share equal to a transaction value of DKK 10,109,762,588.
Further information
| Media: | ||
| Anne Margrethe Hauge | ||
| Ken Inchausti (US) | ||
| Investors: | ||
| Peter Hugreffe Ankersen | ||
| Valdemar Borum Svarrer | ||
| Ann Søndermølle Rendbæk | ||
| Kristoffer Due Berg (US) | ||
Company announcement no. 60 / 2019
Attachment