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Novo Nordisk A/S - share repurchase programme

Key Takeaway: Novo Nordisk has initiated a share repurchase program worth up to DKK 15 billion, starting from May 6, 2026. The program aims to repurchase B shares over a 12-month period, with significant progress already made. As of October 9, 2026, the company has repurchased nearly 38 million B shares, reflecting its commitment to enhancing shareholder value.

Market Sentiment Analysis

POSITIVE FACTORS

  • Novo Nordisk is actively repurchasing shares, indicating confidence in its financial health.
  • The share repurchase program is substantial, amounting to DKK 15 billion.
  • The company has already repurchased a significant number of shares, enhancing shareholder value.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+46%
120-day peak, hindsight
Typical move
2.9%
average across 15 past catalysts
Lead asset
Insulin icodec
Phase 3 · Diabetes Mellitus, Type 1

Full Press Release Details

Bagsværd, Denmark, 12 October 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 5 October, the following transactions have been made:
Number of B shares Average purchase price Transaction value, DKK
Accumulated, last announcement 21,845,000 6,447,270,879
5 October 2026 245,000 246.39 60,365,707
6 October 2026 250,000 247.50 61,874,647
7 October 2026 250,000 250.87 62,717,325
8 October 2026 250,000 251.66 62,914,296
9 October 2026 250,000 254.93 63,733,579
Accumulated under the programme 23,090,000 6,758,876,433
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 51,889,876 B shares of DKK 0.10 as treasury shares, corresponding to 1.2% of the share capital. The total amount of A and B shares in the company is 4,465,000,000 including treasury shares.
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 9 October 2026, Novo Nordisk has since 4 February 2026 repurchased a total 37,849,179 B shares at an average share price of DKK 278.97 per B share equal to a transaction value of DKK 10,558,876,422.
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 Max Ung +45 3077 6414 mxun@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 61 / 2026

Frequently Asked Questions

What is the total amount for the share repurchase program?

The total amount for the share repurchase program is up to DKK 15 billion.

When did Novo Nordisk initiate the share repurchase program?

Novo Nordisk initiated the share repurchase program on May 6, 2026.

How many B shares has Novo Nordisk repurchased so far?

As of October 9, 2026, Novo Nordisk has repurchased 37,849,179 B shares.

What percentage of shares does Novo Nordisk own as treasury shares?

Novo Nordisk owns 1.2% of its share capital as treasury shares.

Last updated: Oct 12, 2026