Novo Nordisk A/S - share repurchase programme
Novo Nordisk updates investors on the scale and pace of its ongoing DKK 15 billion B share buyback programme.
Rhea-AI Summary
Novo Nordisk (NVO) reports progress on its B share repurchase programme for the period to 4 September 2026.
Under the MAR Safe Harbour programme initiated on 6 May 2026, the company may buy back B shares up to DKK 11.2 billion through 1 February 2027, as part of an overall 12‑month repurchase plan of up to DKK 15 billion starting 4 February 2026. Following purchases from 31 August to 4 September totalling 1,055,000 B shares and DKK 314.1 million, cumulative repurchases under this sub‑programme reached 17,275,000 B shares for DKK 5.22 billion. As of 4 September 2026, a total of 32,034,179 B shares have been repurchased since 4 February for DKK 9.02 billion at an average price of DKK 281.63, and Novo Nordisk holds 46,074,876 B shares as treasury shares, equal to 1.0% of its 4,465,000,000 A and B shares.
Positive
- Overall buyback size: up to DKK 15 billion of B shares over 12 months from 4 February 2026
- Executed repurchases: 32,034,179 B shares bought for DKK 9,021,774,283 at an average DKK 281.63 per share since 4 February 2026
- Treasury position: 46,074,876 B shares held as treasury shares, equal to 1.0% of total share capital
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Bagsværd, Denmark, 07 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 31 August, the following transactions have been made:
| Number of B shares | Average purchase price | Transaction value, DKK | |
| Accumulated, last announcement | 16,220,000 | 4,907,673,815 | |
| 31 August 2026 | 210,000 | 291.92 | 61,302,771 |
| 1 September 2026 | 215,000 | 293.94 | 63,196,785 |
| 2 September 2026 | 215,000 | 297.42 | 63,945,131 |
| 3 September 2026 | 215,000 | 305.35 | 65,649,697 |
| 4 September 2026 | 200,000 | 300.03 | 60,006,094 |
| Accumulated under the programme | 17,275,000 | 5,221,774,293 |
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 46,074,876 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 4 September 2026, Novo Nordisk has since 4 February 2026 repurchased a total 32,034,179 B shares at an average share price of DKK 281.63 per B share equal to a transaction value of DKK 9,021,774,283.
Novo Nordisk is a leading global healthcare company founded in 1923 and headquartered in Denmark. Our purpose is to drive change to defeat serious chronic diseases built upon our heritage in diabetes. We do so by pioneering scientific breakthroughs, expanding access to our medicines and working to prevent and ultimately cure disease. Novo Nordisk employs about 68,800 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 novonordisk.com, Facebook, Instagram, X, LinkedIn and YouTube.
Contacts for further information
| Media: | |
| Ambre James-Brown +45 3079 9289 globalmedia@novonordisk.com | Liz Skrbkova (US) +1 609 917 0632 USMediaRelations@novonordisk.com |
| Investors: | |
| Michael Novod +45 3075 6050 nvno@novonordisk.com | Sina Meyer +45 3079 6656 azey@novonordisk.com |
| Alex Bruce +45 3444 2613 axeu@novonordisk.com | Ida Schaap Melvold +45 3077 5649 idmg@novonordisk.com |
| Christoffer Togo Solgaard-Tullin +45 3079 1471 cftu@novonordisk.com | Mads Berner Bruun +45 3075 2936 mbbz@novonordisk.com |
| Frederik Taylor Pitter (US) +1 609 613 0568 fptr@novonordisk.com |
Company announcement No 54 / 2026
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