Novo Nordisk A/S – Share repurchase programme

Bagsvaerd, DENMARK

Novo Nordisk A/S – Share repurchase programme

Bagsværd, Denmark, 25 May 2020 – On 11 May 2020, 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 17 billion to be executed during a 12-month period beginning 5 February 2020.

Under the programme, initiated 11 May 2020, Novo Nordisk will repurchase B shares for an amount up to DKK 2.6 billion in the period from 12 May 2020 to 4 August 2020.

Since the announcement of the programme, the following transactions have been made:

 Number of
B shares
purchase price
value, DKK
12 May 2020105,000436.9345,877,171
13 May 2020105,000432.0045,360,293
14 May 2020105,000445.2446,750,107
15 May 2020105,000441.1746,322,394
18 May 2020105,000440.0946,209,428
19 May 2020105,000440.7546,278,572
20 May 2020105,000447.3846,974,434
Accumulated under the programme735,000 323,772,399

The details for each transaction made under the share repurchase programme are published on

Transactions related to Novo Nordisk’s incentive programmes have resulted in a net transfer from Novo Nordisk of 17,130 B shares in the period from 12 May 2020 to 20 May 2020. 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 14,817,019 B shares of DKK 0.20, corresponding to 0.6% of the share capital, as treasury shares. The total amount of A and B shares in the company is 2,350,000,000 including treasury shares.

Novo Nordisk expects to repurchase B shares for an amount up to DKK 17 billion during a 12-month period beginning 5 February 2020. As of 20 May 2020, Novo Nordisk has since 5 February 2020 repurchased a total of 14,812,219 B shares at an average share price of DKK 423.61 per B share equal to a transaction value of DKK 6,274,560,367.

Novo Nordisk is a leading global healthcare company, founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat diabetes and other serious chronic diseases such as obesity and rare blood and endocrine disorders. We do so by pioneering scientific breakthroughs, expanding access to our medicines and working to prevent and ultimately cure disease. Novo Nordisk employs about 43,100 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, Twitter, LinkedIn, YouTube.

Further information

Anne Margrethe Hauge+45 4442
Ken Inchausti (US)+1 609 240
Daniel Muusmann Bohsen+45 3075
Valdemar Borum Svarrer+45 3079
Ann Søndermølle Rendbæk+45 3075
Mark Joseph Root+45 3079
Kristoffer Due Berg (US)+1 609 235

Company announcement No. 35 / 2020



CA200525_Safe Harbour