Novo Nordisk A/S - share repurchase programme

Bagsværd, Denmark, 15 May 2023 – On 9 May 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 9 May 2023, Novo Nordisk will repurchase B shares for an amount up to DKK 5.8 billion in the period from 10 May 2023 to 8 August 2023.

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

 Number of B sharesAverage purchase priceTransaction value, DKK
10 May 202385,0001,134.2696,411,976
11 May 202385,0001,160.8598,671,988
12 May 202380,0001,163.6293,089,258
Accumulated under the programme250,000 288,173,222

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 71,696 B shares in the period from 10 May 2023 to 12 May 2023. 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 11,233,932 B shares of DKK 0.20 as treasury shares, corresponding to 0.5% of the share capital. The total amount of A and B shares in the company is 2,255,000,000 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 12 May 2023, Novo Nordisk has since 1 February 2023 repurchased a total of 9,180,341 B shares at an average share price of DKK 1,065.04 per B share equal to a transaction value of DKK 9,777,410,874.

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 54,400 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 and YouTube.

Contact for further information

Ambre Brown Morley
+45 3079 9289

Natalia Salomao Abrahao (US)
+1 848 304 1027

Daniel Muusmann Bohsen
+45 3075 2175

Jacob Martin Wiborg Rode
+45 3075 5956

David Heiberg Landsted
+45 3077 6915
Mark Joseph Root (US)
+1 848 213 3219

Company announcement No 36 / 2023



CA230515-Share-repurchase 20230512 safe harbour transaction details