Novo Nordisk A/S Enhances Shareholder Value with Buyback Plan

Strategic Share Repurchase Program by Novo Nordisk A/S

Novo Nordisk A/S – Share repurchase programme

Recently, Novo Nordisk A/S announced a comprehensive share repurchase program aimed at enhancing shareholder value and demonstrating confidence in its future prospects. This initiative began on 7 August 2024 and is a crucial part of Novo Nordisk's strategic approach to capital management. Under current regulations, specifically Article 5 of Regulation No 596/2014 of the European Parliament, the company plans to execute this program over the course of 12 months, with an ambitious budget of up to DKK 20 billion.

Program Details and Timetable

The share repurchase program, which commenced on 7 August 2024, outlines plans for acquiring B shares with a projected total value of DKK 2.4 billion by 4 November 2024. This phased approach allows the company to manage its share buybacks efficiently, ensuring that the market impact is minimized while maximizing returns for shareholders. By affirming this financial strategy, Novo Nordisk is positioning itself to create additional value for its investors.

Recent Transactions Overview

Between 26 August and 30 August 2024, several significant transactions were recorded under this buyback program. The details are as follows:

Accumulated shares as of the last announcement numbered at 540,187 with a total transaction value of approximately DKK 485,999,068. During the reporting period, various transaction details indicated steady activity, such as:

• On 26 August, 41,000 B shares were purchased at an average price of DKK 906.22, resulting in a transaction value of DKK 37,155,064.
• The following day, another 41,000 B shares were bought, with the average purchase price dropping slightly to DKK 898.87, leading to a value of DKK 36,853,635.
• Subsequent purchases continued throughout this period, reflecting active engagement in the market.

Ultimately, by the conclusion of these transactions, a total of 744,187 B shares had been repurchased, accumulating a notable transaction value of DKK 671,844,599.

Impact on Shareholder Value

As of 30 August 2024, Novo Nordisk holds 13,139,944 B shares as treasury shares, which reflects 0.3% of its overall share capital. The robust engagement in B share repurchases is a clear indication of Novo Nordisk's commitment to return capital to its shareholders. The company's performance has allowed it to procure a total of 11,811,313 B shares since the start of the original program, with an average purchase price of DKK 880.47 per share.

Company Overview and Commitment

Novo Nordisk is a noted leader in global healthcare, rooted in its long-standing history that began in 1923. The company is resolved to combating serious chronic diseases, especially focusing on diabetes, through innovative scientific breakthroughs and equitable access to healthcare solutions. With a workforce of around 69,000 operating in 80 different countries, Novo Nordisk markets its products widely across approximately 170 countries. The company is publicly listed on Nasdaq Copenhagen under the ticker symbol (Copenhagen:NOVO B) and also trades on the New York Stock Exchange under the ticker NVO.

Frequently Asked Questions

What is the goal of Novo Nordisk's share repurchase program?

The primary aim is to enhance shareholder value while demonstrating the company's confidence in its growth trajectory.

How long will the share repurchase program continue?

The program is set to be implemented over a 12-month period beginning on 6 February 2024.

What are the financial details of recent transactions?

In the reported period, a total of 744,187 B shares were repurchased with a cumulative transaction value of DKK 671,844,599.

Who can I contact for more information on the share repurchase plan?

For further information, you can reach out to Ambre James-Brown or Jacob Martin Wiborg Rode using the provided contact details.

What is Novo Nordisk's legacy in healthcare?

Novo Nordisk has a strong legacy as a pioneering force in diabetes care and is dedicated to advancing treatment solutions for chronic diseases globally.

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