logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Boeing Company (BA) reported that its first-quarter core earnings per share increased to $3.64 from $2.17, prior year, reflecting strong performance across the company. Core operating earnings improved 35% year-over-year to $2.51 billion from $1.86 billion, previous year. GAAP earnings from operations increased 30% to $2.88 billion. Net earnings improved 57% year-over-year to $2.48 billion. Earnings per share was $4.15 compared to $2.54. Operating cash flow was $3.1 billion for the quarter. Micro-blogging site Twitter Inc. on Wednesday reported a turnaround to profit in the first quarter on strong double-digit revenue growth. This is the company's second quarterly profit. Both revenue and adjusted earnings per share beat analysts' estimates. Twitter's average monthly active users or MAU figure rose 3 percent year-over-year and also increased from the preceding quarter. Shares of Credit Suisse Group AG were gaining around 4 percent in Swiss trading after the banking giant reported Wednesday higher profit in its first quarter, despite lower net interest income. The company said it had planned 2018 to be a year of acceleration in its performance in its 12-quarter restructuring program.
Follow RTT