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Novo Nordisk A/S - share repurchase programme

Key Takeaway: Novo Nordisk launched a share repurchase programme on May 6, 2026, with a budget of up to DKK 15 billion. As of November 6, 2026, the company has repurchased 42,604,179 B shares at an average price of DKK 277.16. The programme aims to enhance shareholder value over a 12-month period.

Market Sentiment Analysis

POSITIVE FACTORS

  • Novo Nordisk initiated a share repurchase programme.
  • The programme involves up to DKK 15 billion in repurchases.
  • A total of 42,604,179 B shares have been repurchased.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+13%
120-day peak, hindsight
Typical move
2.8%
average across 15 past catalysts
Lead asset
Cagrilintide
Phase 3 · Obesity

Full Press Release Details

Bagsværd, Denmark, 9 November 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 3 November, the following transactions have been made:
Number of B shares Average purchase price Transaction value, DKK
Accumulated, last announcement 26,955,000 7,764,364,812
3 November 2026 230,000 269.17 61,908,086
4 November 2026 220,000 281.05 61,830,237
5 November 2026 220,000 276.98 60,935,927
6 November 2026 220,000 268.07 58,974,660
Accumulated under the programme 27,845,000 8,008,013,722
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 56,644,876 B shares of DKK 0.10 as treasury shares, corresponding to 1.3% 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 6 November 2026, Novo Nordisk has since 4 February 2026 repurchased a total 42,604,179 B shares at an average share price of DKK 277.16 per B share equal to a transaction value of DKK 11,808,013,711.
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 67/2026

Frequently Asked Questions

What is the purpose of Novo Nordisk's share repurchase programme?

The programme aims to enhance shareholder value.

How much is Novo Nordisk planning to repurchase?

Novo Nordisk plans to repurchase up to DKK 15 billion.

When did the share repurchase programme start?

The programme was initiated on May 6, 2026.

How many B shares has Novo Nordisk repurchased?

Novo Nordisk has repurchased 42,604,179 B shares.

Last updated: Nov 9, 2026