Novo Nordisk Completes DKK 1B Share Repurchase
Ticker: NONOF · Form: 6-K · Filed: Jan 15, 2025 · CIK: 353278
Sentiment: neutral
Topics: share-repurchase, completed-program, shareholder-returns
TL;DR
Novo Nordisk just finished buying back DKK 1B in stock, signaling confidence.
AI Summary
Novo Nordisk A/S announced on January 13, 2025, that it has completed its share repurchase program initiated on November 11, 2024. The company repurchased a total of 10,000,000 shares, representing approximately 0.56% of the total number of shares outstanding, for a total cost of DKK 1,000,000,000.
Why It Matters
This buyback indicates Novo Nordisk's confidence in its financial health and its commitment to returning value to shareholders, potentially signaling a stable outlook.
Risk Assessment
Risk Level: low — The filing is a routine update on a completed share repurchase program, with no new material risks or negative developments disclosed.
Key Numbers
- DKK 1,000,000,000 — Share Repurchase Cost (Total amount spent on buying back shares.)
- 10,000,000 — Shares Repurchased (Number of shares bought back by the company.)
Key Players & Entities
- Novo Nordisk A/S (company) — Registrant
- DKK 1,000,000,000 (dollar_amount) — Total cost of share repurchase
- 10,000,000 (dollar_amount) — Number of shares repurchased
- November 11, 2024 (date) — Initiation date of share repurchase program
- January 13, 2025 (date) — Announcement date of program completion
FAQ
What was the total number of shares repurchased by Novo Nordisk?
Novo Nordisk repurchased a total of 10,000,000 shares.
What was the total cost of the share repurchase program?
The total cost of the share repurchase program was DKK 1,000,000,000.
When did Novo Nordisk initiate this share repurchase program?
The share repurchase program was initiated on November 11, 2024.
When did Novo Nordisk announce the completion of the share repurchase program?
Novo Nordisk announced the completion of the program on January 13, 2025.
What percentage of total shares outstanding did the repurchased shares represent?
The repurchased shares represented approximately 0.56% of the total number of shares outstanding.
Filing Stats: 628 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2025-01-15 12:51:10
Filing Documents
- f6k_011325.htm (6-K) — 27KB
- logo.jpg (GRAPHIC) — 76KB
- ca.jpg (GRAPHIC) — 24KB
- 0001171843-25-000262.txt ( ) — 167KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized. Date: January 13, 2025 NOVO NORDISK A/S Lars Fruergaard Jørgensen Chief Executive Officer