Novo Nordisk A/S - share repurchase programme
The ongoing buyback has retired over 33 million B shares so far, while leaving room under Novo Nordisk’s planned DKK 15 billion repurchase for 2026–2027.
Rhea-AI Summary
Novo Nordisk (NVO) reports progress on its B share repurchase programme for the period 7–11 September 2026.
The buyback is part of an overall programme of up to DKK 15 billion to be executed over 12 months beginning 4 February 2026. Under the sub-programme initiated on 6 May 2026, Novo Nordisk may repurchase B shares up to DKK 11,200,000,010.45 between 6 May 2026 and 1 February 2027. From 7–11 September 2026, the company bought 1,050,000 B shares at average prices between DKK 278.62 and DKK 297.98, for DKK 304,412,195 in total. Cumulatively under this sub-programme, 18,325,000 B shares have been repurchased for DKK 5,526,186,488. Since 4 February 2026, 33,084,179 B shares have been bought back for DKK 9,326,186,478, and Novo Nordisk now holds 47,124,876 B shares as treasury shares, equal to 1.1% of its 4,465,000,000 total shares.
Positive
- Share repurchases since 4 Feb 2026 33,084,179 B shares for DKK 9,326,186,478 at an average price of DKK 281.89.
- Current safe harbour sub-programme 18,325,000 B shares bought for DKK 5,526,186,488 toward an authorised cap of DKK 11,200,000,010.45.
- Treasury share position 47,124,876 B shares held as treasury shares, corresponding to 1.1% of the 4,465,000,000 total A and B shares.
Negative
- Cash outflow for buybacks DKK 9,326,186,478 spent on B share repurchases since 4 February 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Bagsværd, Denmark, 14 September 2026 – On 6 May 2026, 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 4 February 2026.
Under the programme initiated 6 May 2026, Novo Nordisk will repurchase B shares for an amount up to DKK 11,200,000,010.45 in the period from 6 May 2026 to 1 February 2027.
Since the announcement 07 September, the following transactions have been made:
| Number of B shares | Average purchase price | Transaction value, DKK | |
| Accumulated, last announcement | 17,275,000 | 5,221,774,293 | |
| 7 September 2026 | 210,000 | 297.98 | 62,576,264 |
| 8 September 2026 | 210,000 | 295.53 | 62,062,090 |
| 9 September 2026 | 210,000 | 289.37 | 60,767,699 |
| 10 September 2026 | 210,000 | 288.08 | 60,496,529 |
| 11 September 2026 | 210,000 | 278.62 | 58,509,613 |
| Accumulated under the programme | 18,325,000 | 5,526,186,488 |
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 47,124,876 B shares of DKK 0.10 as treasury shares, corresponding to
Novo Nordisk expects to repurchase B shares for an amount up to DKK 15 billion during a 12-month period beginning 4 February 2026. As of 11 September 2026, Novo Nordisk has since 4 February 2026 repurchased a total 33,084,179 B shares at an average share price of DKK 281.89 per B share equal to a transaction value of DKK 9,326,186,478.
Novo is the global healthcare company that believes lasting health starts now. For over a century, we’ve combined leading scientific expertise with a deep understanding of people’s lives. We develop treatments and support that help millions of people make progress they can see, feel and sustain now and in the future. Every day, over 67,000 employees around the world advance our purpose to drive change for lasting health. Through our partnerships, programmes and investments, we’re working to prevent disease, expand access to treatments and reduce our environmental impact to help even more people live healthier lives. 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 novonordisk.com and follow us on Instagram, LinkedIn, TikTok, Facebook, X and YouTube.
Contacts for further information
| Novo Nordisk Media: | |
| Ambre James-Brown +45 3079 9289 globalmedia@novonordisk.com | Liz Skrbkova (US) +1 609 917 0632 USMediaRelations@novonordisk.com |
| Novo Nordisk Investors: | |
| Michael Novod +45 3075 6050 nvno@novonordisk.com | Sina Meyer +45 3079 6656 azey@novonordisk.com |
| Christoffer Togo Solgaard-Tullin +45 3079 1471 cftu@novonordisk.com | |
| Ida Schaap Melvold +45 3077 5649 idmg@novonordisk.com | Mads Berner Bruun +45 3075 2936 mbbz@novonordisk.com |
| Frederik Taylor Pitter (US) +1 609 613 0568 fptr@novonordisk.com | Alex Bruce (US) +1 640 230 0276 axeu@novonordisk.com |
Company announcement No 55 / 2026
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