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Novo Nordisk to begin 2024 share buybacks

Published by Uma Rajagopal

Posted on February 6, 2024

1 min read

· Last updated: January 31, 2026

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Novo Nordisk headquarters building representing share buybacks in 2024 - Global Banking & Finance Review
Image of Novo Nordisk headquarters in Bagsvaerd, reflecting the company's announcement of a 2024 share buyback program to enhance shareholder value and meet incentive obligations.
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Novo Nordisk to begin 2024 share buybacks OSLO (Reuters) – Novo Nordisk will on Tuesday begin the execution of its planned share buyback programme for 2024, the Danish maker of obesity drug Wegovy and diabetes treatment Ozempic said in a statement. Novo on Jan. 31 said it planned to carry out a share repurchase plan […]

Novo Nordisk to begin 2024 share buybacks

OSLO (Reuters) – Novo Nordisk will on Tuesday begin the execution of its planned share buyback programme for 2024, the Danish maker of obesity drug Wegovy and diabetes treatment Ozempic said in a statement.

Novo on Jan. 31 said it planned to carry out a share repurchase plan of up to 20 billion Danish crowns ($2.88 billion) to reduce the company’s share capital and to meet obligations arising from share-based incentive programmes.

The company completed its previous 12-month share repurchase programme on Jan. 30.

($1 = 6.9337 Danish crowns)

(Reporting by Terje Solsvik, editing by Anna Ringstrom and Essi Lehto)

Frequently Asked Questions

What is a share buyback?
A share buyback is when a company purchases its own shares from the marketplace, reducing the number of outstanding shares and often increasing the value of remaining shares.
What is share capital?
Share capital refers to the funds raised by a company through the issuance of shares, which can be used for various corporate purposes.
What are share-based incentive programs?
Share-based incentive programs are compensation plans that provide employees with shares or stock options, aligning their interests with those of shareholders.

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