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Home Headlines Novo Nordisk to begin 2024 share buybacks

Novo Nordisk to begin 2024 share buybacks

by Uma
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2024 02 06T074923Z 2 LYNXMPEK1507I RTROPTP 4 NOVO NORDISK RESULTS WEGOVY STRATEGY

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)

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

 

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