On 9 February, PANDORA initiated a share buy-back programme, cf. Company announcement no. 281. The share buyback programme is executed in accordance with Commission Regulation (EC) no 2273/2003 of 22 December 2003 and from 3 July 2016 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 9 February to 31 December 2016.
The following transactions have been made under the programme:
|Average purchase price, DKK||Transaction value, DKK|
|Accumulated, latest announcement||4,583,131||3,948,261,793|
|12 December 2016||13,100||837.82||10,975,494|
|13 December 2016||9,975||841.33||8,392,275|
|14 December 2016||11,100||834.73||9,265,450|
|15 December 2016||6,627||831.50||5,510,365|
|16 December 2016||18,059||856.31||15,464,111|
|Accumulated under the programme||4,641,992||3,997,869,488|
With the transactions stated above, PANDORA owns a total of 5,130,682 treasury shares, corresponding to 4.4% 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 and contemporary jewellery made from high-quality materials at affordable prices. PANDORA jewellery is sold in more than 100 countries on six continents through approximately 9,000 points of sale, including more than 2,000 concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 18,000 people worldwide of whom approximately 12,000 are located in Gemopolis, Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ Copenhagen stock exchange in Denmark. In 2015, PANDORA's total revenue was DKK 16.7 billion (approximately EUR 2.2 billion).
For more information, please contact:
Magnus Thorstholm Jensen
Vice President, Head of Investor Relations
+45 7219 5739
Director, Corporate Communications
+45 7219 5774
Investor Relations Officer
+45 7219 5344
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