Novo Nordisk (NVO) Updates on Share Repurchase Activity

November 28, 2016 8:53 AM EST
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On 28 October 2016, Novo Nordisk (NYSE: NVO) 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), also referred to as 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 3 February 2016.

Under the programme initiated 28 October 2016, Novo Nordisk will repurchase B shares for an amount up to DKK 4.5 billion in the period from 28 October 2016 to 31 January 2017.

Since the announcement as of 21 November 2016, the following transactions have been made under the programme:

Number of
B shares
Average
purchase price
Transaction
value, DKK
Accumulated, last announcement5,283,000 1,232,297,870
21 November 2016325,000227.5473,951,390
22 November 2016280,000226.2063,334,975
23 November 2016300,000221.2066,358,564
24 November 2016312,500221.4569,201,730
25 November 2016301,601223.9067,529,946
Accumulated under the programme6,802,101 1,572,674,476

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 39,901,083 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 2,550,000,000 including treasury shares.

Novo Nordisk expects to repurchase B shares for an amount up to DKK 15 billion during a 12-month period beginning 3 February 2016. As of 25 November 2016, Novo Nordisk has repurchased a total of 37,977,438 B shares equal to a transaction value of DKK 12,072,432,921.



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