February 20, 2017

TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

On 7 February, PANDORA initiated a share buy-back programme, cf. Company announcement no. 350. 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 1,800 million in the period from 7 February to 6 February 2018.

The following transactions have been made under the programme:

  Number of
shares
Average purchase price, DKK Transaction value, DKK
Accumulated, latest announcement 30,923   25,696,020
13 February 2017 3,773 863.37 3,257,495
14 February 2017 39,674 857.62 34,025,109
15 February 2017 30,000 838.28 25,148,520
16 February 2017 7,500 834.50 6,258,750
17 February 2017 0   0
Accumulated under the programme 111,870   94,385,894

With the transactions stated above, PANDORA owns a total of 5,023,606 treasury shares, corresponding to 4.3% 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.

ABOUT PANDORA
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 around 8,100 points of sale, including more than 2,100 concept stores. 

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 21,500 people worldwide of whom around 12,400 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2016, PANDORA's total revenue was DKK 20.3 billion (approximately EUR 2.7 billion).

CONTACT
For more information, please contact: 

INVESTOR RELATIONS                            
Magnus Thorstholm Jensen
Vice President, Head of Investor Relations

+45 7219 5739
mtje@pandora.net
MEDIA RELATIONS
Kristian Lysgaard
Director, Corporate Communications
+45 7219 5774
krly@pandora.net

Brian Granberg
Investor Relations Officer

+45 7219 5344
brgr@pandora.net
 

 

File Size
PDF Download pdf 77.6 KB
Spreadsheet Download xlsx 53.1 KB

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