Share capital history

The Board of Directors has approved a share repurchase programme of up to DKK 15 billion to be executed during a 12 month period beginning 1 February 2019. The total programme may be reduced in size, in case of a significant bolt-on acquisition during 2019.?Novo Nordisk expects to implement the majority of the new share repurchase programme according to the Safe Harbour Regulation.

In March 2019, at the?Annual General Meeting, the Board of?Directors proposed a further reduction in?the company’s B share capital, by cancelling 10,000,000 treasury?shares. After the implementation of the share capital reduction, Novo Nordisk’s share capital?will amount to DKK 480,000,000, divided?into A share capital of DKK 107,487,200 and?B share capital of DKK 372,512,800.

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Year Stock split history Ratio of B-shares to ADRs
2014 January 2, B shares 1:5. January 9, ADRs 1:5 1:1
2007 December 3, 2007, B-shares 1:2, ADRs 1:2 1:1
2001 April 4, 2001, B-shares 1:5, ADRs 1:2.5 1:1
2000 ? 1:2
1999 ? 1:2
1998 ? 1:2
1997
?
January 2, 1997 B-shares 1:2
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1:2
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