Novo Nordisk A/S – Share repurchase programme

On March 1, 2021 Novo Nordisk reported that 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") (Press release, Novo Nordisk, MAR 1, 2021, View Source [SID1234577315]). This programme is part of the overall share repurchase programme of up to DKK 17 billion to be executed during a 12-month period beginning 3 February 2021.

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Under the programme initiated 3 February 2021, Novo Nordisk will repurchase B shares for an amount up to DKK 3.0 billion in the period from 3 February 2021 to 3 May 2021.

Since the announcement as of 22 February 2021, the following transactions have been made:

Transactions related to Novo Nordisk’s incentive programmes have resulted in a net transfer from Novo Nordisk of 9,261 B shares in the period from 22 February 2021 to 26 February 2021. 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 40,877,947 B shares of DKK 0.20 as treasury shares, corresponding to 1.7% of the share capital. The total amount of A and B shares in the company is 2,350,000,000 including treasury shares.

Novo Nordisk expects to repurchase B shares for an amount up to DKK 17 billion during a 12- month period beginning 3 February 2021. As of 26 February 2021, Novo Nordisk has since 3 February 2021 repurchased a total of 1,974,017 B shares at an average share price of DKK 448.81 per B share equal to a transaction value of DKK 885,959,577.