Novo Nordisk A/S - share repurchase programme
Rhea-AI Summary
Novo Nordisk (NYSE:NVO) reports progress on its share repurchase programme conducted under EU Safe Harbour rules. The 12‑month programme, running from 4 February 2026, has an expected total size of up to DKK 15 billion, including a sub‑programme initiated on 6 May 2026 to buy B shares for up to DKK 11,200,000,010.45 through 1 February 2027.
Between 10–14 August 2026, Novo Nordisk repurchased 1,000,000 B shares, bringing accumulated buybacks under the May sub‑programme to 14,125,000 shares for DKK 4,281,660,830. As of 14 August 2026, the company has repurchased 28,884,179 B shares since 4 February 2026 for DKK 8,081,660,819 at an average price of DKK 279.80. Novo Nordisk now holds 42,924,876 B treasury shares, equal to 1.0% of its 4,465,000,000 total A and B shares.
Positive
- 12‑month buyback of up to DKK 15 billion from 4 February 2026
- DKK 8.08 billion spent to repurchase 28,884,179 B shares since 4 February 2026
- 14,125,000 B shares bought under May sub‑programme for DKK 4.28 billion
- Treasury holding at 42,924,876 B shares, equal to 1.0% of share capital
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Bagsværd, Denmark, 17 August 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 10 August, the following transactions have been made:
| Number of B shares | Average purchase price | Transaction value, DKK | |
| Accumulated, last announcement | 13,125,000 | 3,980,067,920 | |
| 10 August 2026 | 200,000 | 303.97 | 60,794,002 |
| 11 August 2026 | 200,000 | 308.66 | 61,731,241 |
| 12 August 2026 | 200,000 | 298.62 | 59,723,538 |
| 13 August 2026 | 200,000 | 297.68 | 59,536,173 |
| 14 August 2026 | 200,000 | 299.04 | 59,807,956 |
| Accumulated under the programme | 14,125,000 | 4,281,660,830 |
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 42,924,876 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 14 August 2026, Novo Nordisk has since 4 February 2026 repurchased a total 28,884,179 B shares at an average share price of DKK 279.80 per B share equal to a transaction value of DKK 8,081,660,819.
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 Sho Togo 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 51 / 2026
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