Novo Nordisk A/S – Share repurchase programme
Bagsværd, Denmark, 23 September 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 16 September 2019, the following transactions have been made:
Number of B shares | Average purchase price | Transaction value, DKK | |
Accumulated, last announcement | 3,324,000 | 1,156,168,758 | |
16 September 2019 | 125,000 | 336.49 | 42,061,397 |
17 September 2019 | 125,000 | 343.32 | 42,915,615 |
18 September 2019 | 125,000 | 343.68 | 42,959,459 |
19 September 2019 | 130,000 | 348.85 | 45,350,602 |
20 September 2019 | 122,950 | 351.46 | 43,212,319 |
Accumulated under the programme | 3,951,950 | 1,372,668,150 |
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 34,511,994 B shares of DKK 0.20, corresponding to 1.4% 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 20 September 2019, Novo Nordisk has since 1 February 2019 repurchased a total of 27,352,962 B shares at an average share price of DKK 329.31 per B share equal to a transaction value of DKK 9,007,621,605.
Further information
Media: | ||
Anne Margrethe Hauge | +45 4442 3450 | amhg@novonordisk.com |
Ken Inchausti (US) | +1 609 240 9429 | kiau@novonordisk.com |
Investors: | ||
Peter Hugreffe Ankersen | +45 3075 9085 | phak@novonordisk.com |
Valdemar Borum Svarrer | +45 3079 0301 | jvls@novonordisk.com |
Ann Søndermølle Rendbæk | +45 3075 2253 | arnd@novonordisk.com |
Kristoffer Due Berg (US) | +1 609 235 2989 | krdb@novonordisk.com |
Company announcement no. 55 / 2019
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