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Novo Nordisk A/S - share repurchase programme

Key Takeaway: Novo Nordisk has initiated a share repurchase program, allowing for the buyback of up to DKK 15 billion worth of B shares over a 12-month period. As of June 12, 2026, the company has repurchased nearly 20 million shares, reflecting a proactive approach to enhancing shareholder value. The program is in compliance with European regulations and aims to optimize the company's capital structure.

Market Sentiment Analysis

POSITIVE FACTORS

  • Novo Nordisk is executing a significant share repurchase program.
  • The company aims to repurchase up to DKK 15 billion in shares.
  • Strong commitment to enhancing shareholder value.

Full Press Release Details

Bagsværd, Denmark, 15 June 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 8 June 2026, the following transactions have been made:
Number ofB shares Averagepurchase price Transactionvalue, DKK
Accumulated, last announcement 4,000,000 1,158,452,492
8 June 2026 225,000 275.43 61,972,755
9 June 2026 225,000 268.40 60,389,780
10 June 2026 225,000 272.47 61,305,543
11 June 2026 225,000 280.43 63,097,599
12 June 2026 225,000 283.72 63,837,660
Accumulated under the programme 5,125,000 1,469,055,829
The details for each transaction made under the share repurchase programme are published onnovonordisk.com.
With the transactions stated above, Novo Nordisk owns a total of 37,069,480 B shares of DKK 0.10 as treasury shares, corresponding to 0.8% 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 12 June 2026, Novo Nordisk has since 4 February 2026 repurchased a total 19,884,179 B shares at an average share price of DKK 264.99 per B share equal to a transaction value of DKK 5,269,055,819.
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, visitnovonordisk.com,Facebook,Instagram,X,LinkedInandYouTube.

Contacts for further information

Media:
Ambre James-Brown+45 3079 9289globalmedia@novonordisk.com Liz Skrbkova (US)+1 609 917 0632lzsk@novonordisk.com
Investors:
Michael Novod+45 3075 6050nvno@novonordisk.com Jacob Martin Wiborg Rode+45 3075 5956jrde@novonordisk.com
Ida Schaap Melvold+45 3077 5649idmg@novonordisk.com Sina Meyer+45 3079 6656azey@novonordisk.com
Alex Bruce+45 3444 2613axeu@novonordisk.com Christoffer Sho Togo Tullin+45 3079 1471cftu@novonordisk.com
Frederik Taylor Pitter+1 609 613 0568fptr@novonordisk.com Mads Berner Bruun+45 3075 2936mbbz@novonordisk.com
Company announcement No 38 / 2026

Attachments

• CA260615_Safe Harbour
• 20260615_safe harbour transaction details

Frequently Asked Questions

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

The program aims to enhance shareholder value by repurchasing up to DKK 15 billion in shares.

How many B shares has Novo Nordisk repurchased so far?

As of June 12, 2026, Novo Nordisk has repurchased 19,884,179 B shares.

What is the average price per share for the repurchased shares?

The average price per repurchased B share is DKK 264.99.

When did the share repurchase program begin?

The program was initiated on May 6, 2026.

How long will the share repurchase program last?

The program will run for 12 months, ending on February 1, 2027.

Last updated: Jun 15, 2026