Pandora A/S: TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME
On 6 February 2018, Pandora announced a share buy-back programme, cf.
Company announcement no. 432. 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 Pandoras share capital and to
meet obligations arising from employee share option programmes.
Under the programme Pandora will buy back shares for an amount up to DKK
4,000 million in the period from 14 March 2018 to 13 March 2019.
The following transactions have been made under the programme:
shares Average purchase price, DKK Transaction value, DKK
Accumulated, latest announcement 9,264,743 3,720,577,168
11 February 2019 36,410
12 February 2019 36,158
13 February 2019 36,587
14 February 2019 36,195
15 February 2019 36,310
Accumulated under the programme 9,446,403
With the transactions stated above, Pandora owns a total of 9,830,362
treasury shares, corresponding to 8.9% of the Companys 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 and contemporary
jewellery made from high-quality materials at affordable prices. Pandora
jewellery is sold in more than 100 countries on six continents through more
than 7,700 points of sale, including more than 2,700 concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, Pandora employs
more than 32,000 people worldwide of whom more than 14,000 are located in
Thailand, where the Company manufactures its jewellery. Pandora is publicly
listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2018,
Pandoras total revenue was DKK 22.8 billion (approximately EUR 3.1
For more information, please contact:
VP, Investor Relations, Tax & Treasury
+45 7219 5387
Senior Investor Relations Officer
+45 7219 5344
Vice President, Corporate Communications & Sustainability
+45 2510 0403
Investor Relations Officer
+45 7219 5361
* PANDORA_Company Announcement_No_499_UK