No. 25
COMPANY ANNOUNCEMENT
8 April 2011

 

On the ordinary general meeting held today in PANDORA A/S (the "Company") the annual report for the period from 1 January 2010 - 31 December 2010 was adopted. Beside this, the annual general meeting decided:

to adopt the actual remuneration for 2010 and for the present year for the Board of Directors;

to pay DKK 5 per share or in total 650,000,000 in dividend to the shareholders and transfer the remaining part of the profit, DKK 1,221,000,000 to the Company's free reserves;

to discharge the Board of Directors and the Executive Management from liability;

to adopt the Company's remuneration policy for the Board of Directors and the Executive Management;

to approve the changes to the Company's existing incentive payment guidelines;

to re-elect Allan Leslie Leighton, Torben Ballegaard Sørensen, Andrea Alvey, Marcello V. Bottoli, Sten Daugaard, Christian Frigast, Erik Danquard Jensen and Nikolaj Vejlsgaard to the Company's Board of Directors; and

to re-elect Ernst & Young P/S as the Company's auditor

 

PANDORA A/S

Allan Leslie Leighton

Chairman

 

About PANDORA

PANDORA designs, manufactures and markets hand-finished and modern jewellery made from genuine materials and at affordable prices. The PANDORA jewellery is sold in more than 55 countries on six continents through over 10,000 points of sale, including more than 420 PANDORA branded concept stores.

 

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over 5,000 people worldwide of whom more than 3,600 are located in Gemopolis, Thailand, where the company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ OMX Copenhagen stock exchange in Denmark. In 2010, PANDORA’s total revenue was DKK 6.7 billion (approximately EUR 895 million). For more information, please visit www.pandoragroup.com

 

CONTACT

For further queries, please contact: 

INVESTOR RELATIONS Morten Eismark, Head of Investor Relations Phone +45 3673 8213 Mobile +45 3045 6719

MEDIA RELATIONS Kasper Riis, Communications Manager Phone +45 3673 0627 Mobile +45 3035 6728