On 7 February 2024, Pandora announced a new share buyback programme, cf. Company announcement no. 843. The share buyback programme is executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation).
The purpose of the programme is to reduce Pandora’s share capital and to meet obligations arising from company incentive programmes.
Under the programme Pandora will repurchase shares for an aggregate maximum amount of DKK 4.0 billion from 8 February 2024 until 31 January 2025 at the latest, both days inclusive.
The first tranche of DKK 1.3 billion concluded on 11 June 2024, while the second tranche of DKK 1.3 billion was completed on 27 September 2024. Pandora has appointed BNP as the sole lead manager on the third tranche of DKK 1.4 billion of the buy-back programme, which will run from 30 September 2024 and finish no later than 31 January 2025.
The following transactions have been made under the programme:
Number of
sharesAverage purchase price, DKKTransaction value,
DKKAccumulated under the programme3,197,472 3,509,478,45016 December 202412,8001,278.36 16,363,07017 December 202412,9001,268.2916,360,94918 December 202412,8001,266.9216,216,57719 December 202412,8001,268.23 16,233,31520 December 202412,8001,266.7216,213,957Accumulated under the programme3,261,572 3,590,866,318 With the transactions stated above, Pandora owns a total of 3,144,859 treasury shares, corresponding to 3.8% of the Company’s share capital.
In accordance with Regulation (EU) No 596/2014, all transactions related to the share buyback programme are presented in detail in the spreadsheet attached to this Company Announcement.
ABOUT PANDORA
Pandora is the world’s largest jewellery brand. The company designs, manufactures and markets hand-finished jewellery made from high-quality materials at accessible price points. Pandora jewellery is sold in more than 100 countries through 6,700 points of sale, including more than 2,600 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 33,000 people worldwide and crafts its jewellery at three facilities in Thailand using only recycled silver and gold. Pandora is committed to leadership in sustainability and has set out to halve greenhouse gas emissions across its value chain by 2030. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated revenue of DKK 28.1 billion (EUR 3.8 billion) in 2023.
Contact
For more information, please contact:
INVESTOR RELATIONS
Bilal Aziz
VP, Investor Relations & Treasury
+45 3137 9486
biazi@pandora.net CORPORATE COMMUNICATIONS
Johan Melchior
VP, Media Relations & Public Affairs
+45 4060 1415
jome@pandora.net
Adam Fuglsang
Director, Investor Relations
+45 6167 7425
adfug@pandora.net
Attachments
Pandora_Company_Announcement_No_914
Appendix_Company_Announcement_No_914
Appendix_Company_Announcement_No_914
