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
Facebook Inc. (FB), Wednesday reported a jump in profit for the second quarter, as the social networking giant's bottom line continues to be driven by soaring ad revenues. Both earnings and revenues trumped Wall Street expectations, sending shares up by 6 percent in the extended hours. Menlo Park,... Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year.
comments powered by Disqus
Follow RTT