SOURCE: Novo Nordisk A/S

June 22, 2009 09:35 ET

Transaction in Own Shares

Reduction of the share capital and holding of own shares (22 June 2009)

BAGSVAERD, DENMARK--(Marketwire - June 22, 2009) - At Novo Nordisk's ordinary general meeting on 18 March 2009, it was decided to reduce the company's B share capital from DKK 526,512,800 to DKK 512,512,800 by cancellation of part of the company's portfolio of own B shares at a nominal value of DKK 14,000,000 divided into 14,000,000 B shares of DKK 1 each.

Today, Novo Nordisk has registered the final implementation of the reduction of the share capital with the Danish Commerce and Companies Agency and cancelled nominally DKK 14,000,000 B shares. After the reduction of the share capital, the company's share capital is nominally DKK 620,000,000, which is divided into an A share capital of nominally DKK 107,487,200 and a B share capital of nominally DKK 512,512,800.

Holding of own shares

In the company's Company Announcement no 34/2009 released earlier today it was stated that Novo Nordisk A/S (NYSE: NVO) and its wholly-owned affiliates as per 22 June 2009 owned 32,741,741 of its own B shares of DKK 1, corresponding to a total nominal value of DKK 32,741,741 or 5.2% of the total share capital.

Following the cancellation of nominally DKK 14,000,000 (14,000,000 shares) of the company's own B shares and pursuant to Section 28 and 29 of the Danish Securities Trading Act, it is hereby announced that Novo Nordisk A/S and its wholly-owned affiliates now own 18,741,741 of its own B shares. This corresponds to a total nominal value of DKK 18,741,741 B shares or 3.0 % of the total share capital, meaning that Novo Nordisk A/S no longer holds more than 5% of the total share capital.

The reduction in the share capital will not affect Novo Nordisk's share repurchase programme which will continue as previously announced.

Novo Nordisk is a healthcare company and a world leader in diabetes care. In addition, Novo Nordisk has a leading position within areas such as haemostasis management, growth hormone therapy and hormone replacement therapy. Novo Nordisk manufactures and markets pharmaceutical products and services that make a significant difference to patients, the medical profession and society. With headquarters in Denmark, Novo Nordisk employs more than 27,900 employees in 81 countries, and markets its products in 179 countries. Novo Nordisk's B shares are listed on the stock exchanges in Copenhagen and London. Its ADRs are listed on the New York Stock Exchange under the symbol 'NVO'. For more information, visit novonordisk.com.

Further information:

Media:                 Investors:

Outside North America: Outside North America:
Elin K Hansen          Mads Veggerby Lausten
Tel: (+45) 4442 3450   Tel: (+45) 4443 7919
ekh@novonordisk.com    mlau@novonordisk.com

                       Kasper Roseeuw Poulsen
                       Tel: (+45) 4442 4471
                       krop@novonordisk.com

In North America:      In North America:
Sean Clements          Hans Rommer
Tel: (+1) 609 514 8316 Tel: (+1) 609 919 7937
secl@novonordisk.com   hrmm@novonordisk.com

Company Announcement no 35 / 2009


This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



Copyright © Hugin AS 2009. All rights reserved.

Contact Information