logo
Share SHARE
FONT-SIZE Plus   Neg

Novo Nordisk Announces Share Repurchase Program

Novo Nordisk A/S (NVO), the world's largest insulin maker, said Monday that on January 31 it initiated a share repurchase program in accordance with the provisions of the Safe Harbour rules.

Under the programme Novo Nordisk will repurchase up to DKK 3.0 billion of B shares the period from January 31 to April 29.

Transactions related to Novo Nordisk's incentive programs have resulted in a net sale by Novo Nordisk of 783,652 B shares in the period from January 31 to February 8. The shares in those transactions were not part of the Safe Harbour repurchase program.

Novo Nordisk expects to repurchase up to DKK 14.0 billion of B shares f during a 12 month period beginning January 31, 2013. As of February 8, the company said it has repurchased a total of 334,310 B shares for an aggregate value of about DKK 352.5 milion.

The total amount of shares in the company is 560 million including treasury shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Taxi-hailing company Uber and its rival Careem has suspended their services in Abu Dhabi, the capital of the United Arab Emirates, since Saturday, reports said. Uber said the move was temporary, and did not explain the reason for suspension of services. Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations.
comments powered by Disqus
Follow RTT