Novo Nordisk A/S - share repurchase programme
Novo Nordisk has bought back over DKK 9.6 billion of B shares toward its planned DKK 15 billion, 12‑month repurchase programme.
Rhea-AI Summary
Novo Nordisk (NVO) reports continued execution of its 2026 share repurchase programme, detailing B share buybacks completed through 18 September 2026.
The current programme, running from 6 May 2026 to 1 February 2027, allows repurchases of up to DKK 11,200,000,010.45 and forms part of a broader 12‑month buyback of up to DKK 15 billion starting 4 February 2026. From 14–18 September, the company repurchased a total of 1,090,000 B shares, bringing accumulated purchases under this programme to 19,415,000 B shares for DKK 5,829,922,946. As of 18 September, total repurchases since 4 February amount to 34,174,179 B shares for DKK 9,629,922,935, and Novo Nordisk now holds 48,214,876 B shares (1.1% of share capital) as treasury shares out of total A and B shares of 4,465,000,000.
Positive
- Overall buyback framework up to DKK 15 billion over 12 months from 4 February 2026
- Current sub-programme authorises up to DKK 11,200,000,010.45 in B share repurchases through 1 February 2027
- Executed since 4 February 2026 34,174,179 B shares repurchased for DKK 9,629,922,935 at average DKK 281.79
- Treasury holding 48,214,876 B shares, equal to 1.1% of total share capital
Negative
- None.
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Bagsværd, Denmark, 21 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 14 September, the following transactions have been made:
| Number of B shares | Average purchase price | Transaction value, DKK | |
| Accumulated, last announcement | 18,325,000 | 5,526,186,488 | |
| 14 September 2026 | 210,000 | 281.51 | 59,116,680 |
| 15 September 2026 | 210,000 | 278.16 | 58,414,268 |
| 16 September 2026 | 220,000 | 276.33 | 60,792,079 |
| 17 September 2026 | 225,000 | 275.54 | 61,996,942 |
| 18 September 2026 | 225,000 | 281.85 | 63,416,489 |
| Accumulated under the programme | 19,415,000 | 5,829,922,946 |
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 48,214,876 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 18 September 2026, Novo Nordisk has since 4 February 2026 repurchased a total 34,174,179 B shares at an average share price of DKK 281.79 per B share equal to a transaction value of DKK 9,629,922,935.
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 57 / 2026
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