under the new plan will commence upon the completion of the company's 2016 repurchase plan.
Following the share repurchase
, about USD300m remains available under the company's prior authorisation for share repurchases
through the end of 2020.
The company had completed around USD160.4m in share repurchases
under the prior program effective September 30, 2018.
According to the new program authorised by the board of directors, repurchases may be made on the open market, through private transactions, accelerated share repurchases
, round lot or block transactions on the New York Stock Exchange or otherwise, as determined by the company's management and in accordance with prevailing market conditions and Securities and Exchange Commission requirements.
The company said these share repurchases
have been made under a share repurchase
programme initiated on 2 February 2017, under which Novo Nordisk will repurchase B shares for an amount up to DKK4.0bn in the period from 2 February 2017 to 1 May 2017.
may be made by the company from time to time in privately negotiated transactions or in open market transactions.
have also become an important and a global activity in recent years, as opposed to a minor activity only relevant in US markets.
This paper aims to examine one of the most important issues in the international corporate laws, which is the issue of share repurchases
known as treasury shares.
In March 1999, an electronic poll of 155 FEI members was con ducted during a teleconference on share repurchases
that was moderated by FEI President Philip B.
are, in effect, an investment in the company's own stock.
, which reduce our cost of capital, will henceforth be a conscious element of our long-term drive to build shareholder wealth," says Johnson.
The company expects the accelerated share repurchases
to be completed on or before the end of April 2019.