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Novo Nordisk - Share repurchase programme

August 26, 2014



ENP Newswire - 26 August 2014

Release date- 25082014 - Bagsvaerd, Denmark - On 7 August 2014, Novo Nordisk initiated a share repurchase programme in accordance with the provisions of the European Commission's regulation no 2273/2003 of 22 December 2003, also referred to as the Safe Harbour rules.

This programme is part of the overall share repurchase programme of up to DKK 15.0 billion to be executed during a 12-month period beginning 30 January 2014.

Under the programme initiated 7 August 2014, Novo Nordisk will repurchase B shares for an amount up to DKK 3.5 billion in the period from 7 August 2014 to 28 October 2014.

Since the announcement as of 18 August 2014, the following transactions have been made under the programme:

Number of B shares Average purchase price Transaction value, DKK

Accumulated, last announcement 1,620,000 400,513,313

18 August 2014 230,000 249.91 57,478,380

19 August 2014 235,000 251.13 59,015,362

20 August 2014 220,000 254.11 55,904,354

21 August 2014 232,000 254.38 59,015,255

22 August 2014 240,000 255.17 61,240,872

Accumulated under the programme 2,777,000 693,167,536



Transactions related to Novo Nordisk's incentive programmes have resulted in a net sale by Novo Nordisk of 65,750 B shares in the period from 18 August 2014 to 22 August 2014. The shares in these transactions were not part of the Safe Harbour repurchase programme.

With the transactions stated above, Novo Nordisk owns a total of 37,358,289 B shares of DKK 0.20, corresponding to 1.4% of the share capital, as treasury shares. The total amount of A and B shares in the company is 2,650,000,000 including treasury shares.

Novo Nordisk expects to repurchase B shares for an amount up to DKK 15.0 billion during a 12-month period beginning 30 January 2014. As of 22 August 2014, Novo Nordisk has repurchased a total of 34,514,995 B shares equal to a transaction value of DKK 8,397,686,036.


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Source: ENP Newswire


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