# Novo Nordisk to begin 2024 share buybacks
Published: 2024-02-06
Category: Headlines
Category URL: https://assetdigest.com/category/headlines/
Meta Title: Novo Nordisk kicks off 2024 share buyback plan
Meta Description: Novo Nordisk to start executing its 2024 share buyback program, aiming to reduce share capital and meet obligations from incentive programs.
URL: https://assetdigest.com/novo-nordisk-to-begin-2024-share-buybacks/

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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 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)


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