On 17 August 2021, Pandora announced a share buy-back programme, cf. Company announcement no. 644. 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 500 million. The programme commenced on 18 August 2021 and will conclude no later than 29 October 2021.
The following transactions have been made under the programme:
|Average purchase price, DKK||Transaction value, DKK|
|Accumulated, latest announcement||110,500||86,465,322|
|30 August 2021||14,000||764.05||10,696,708|
|31 August 2021||13,000||759.60||9,874,863|
|01 September 2021||8,000||784.00||6,272,005|
|02 September 2021||10,000||782.54||7,825,438|
|03 September 2021||13,000||777.33||10,105,258|
|Accumulated under the programme||168,500||131,239,594|
With the transactions stated above, Pandora owns a total of 1,096,885 treasury shares, corresponding to 1.10% 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 detailed form in the spread sheet attached to this Company Announcement.
Pandora designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through more than 6,700 points of sale, including around 2,600 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 26,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 19.0 billion (EUR 2.5 billion) in 2020.
For more information, please contact:
VP, Investor Relations, Tax & Treasury
+45 5356 6909
Kristoffer Aas Malmgren
Director External Relations
+45 4060 1415