Novo Nordisk A/S - Share Repurchase Programme
Date
9/16/2024 9:31:35 AM
(MENAFN- GlobeNewsWire - Nasdaq) Bagsværd, Denmark, 16 September 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 9 September 2024, the following transactions have been made:
| | Number of
B shares | Average
purchase price | Transaction
value, DKK |
| Accumulated, last announcement | 956,187 | | 864,550,471 |
| 9 September 2024 | 42,500 | 888.73 | 37,771,210 |
| 10 September 2024 | 42,500 | 877.04 | 37,274,389 |
| 11 September 2024 | 42,500 | 891.52 | 37,889,410 |
| 12 September 2024 | 42,436 | 916.48 | 38,891,633 |
| 13 September 2024 | 42,000 | 924.52 | 38,829,827 |
| Accumulated under the programme | 1,168,123 | | 1,055,206,940 |
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 13,563,880 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 13 September 2024, Novo Nordisk has since 6 February 2024 repurchased a total of 12,235,249 B shares at an average share price of DKK 881.30 per B share equal to a transaction value of DKK 10,782,912,990.
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 69,000 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 , Facebook , Instagram , X , LinkedIn and YouTube .
Contact for further information.
| Media: | |
Ambre James-Brown
+45 3079 9289
...
| Liz Skrbkova (US)
+1 609 917 0632
...
|
| Investors: | |
Jacob Martin Wiborg Rode
+45 3075 5956
...
| David Heiberg Landsted
+45 3077 6915
...
|
Mark Joseph Root (US)
+1 848 213 3219
...
| Sina Meyer
+45 3079 6656
...
|
Frederik Taylor Pitter
+1 609 613 0568
... | Ida Schaap Melvold
+45 3077 5649
... |
Company announcement No 70 / 2024
Attachments
CA20240916 safe harbour transaction details
CA20240916 Safe Harbour
MENAFN16092024004107003653ID1108678403
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.