No. 122
COMPANY ANNOUNCEMENT
28 October 2013
  
 

On 26 February 2013, PANDORA initiated a share buy-back programme, cf. Company announcement no. 69 of 26 February 2013. The programme was implemented in accordance with the provisions of European Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour 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 700 million in the period from 26 February 2013 to 31 December 2013.

The following transactions have been made under the programme:

 

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated last announcement	2,735,687		533,175,917
21 October 2013	23,840	256.99	6,126,689
22 October 2013	10,679	257.23	2,746,916
23 October 2013	5,960	258.67	1,541,685
24 October 2013	53,640	254.33	13,642,208
25 October 2013	10,218	249.67	2,551,087
Accumulated under the program	2,840,024		559,784,503

                               

With the transactions stated above, PANDORA owns a total of 3,022,949 treasury shares, corresponding to 2.3% of the share capital.

ABOUT PANDORA
PANDORA designs, manufactures and markets hand-finished and modern jewellery made from genuine materials at affordable prices. PANDORA jewellery is sold in more than 70 countries on six continents through approximately 10,300 points of sale, including approximately 950 Concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over 6,900 people worldwide of whom 4,900 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 2012, PANDORA's total revenue was DKK 6.7 billion (approximately EUR 900 million). For more information, please visit www.pandoragroup.com.

 

CONTACT
For further queries, please contact:

 

INVESTOR RELATIONS Morten Eismark, VP Group Investor Relations Phone +45 3673 8213 Mobile +45 3045 6719

MEDIA RELATIONS Jakob Risom, Press Officer Phone +45 3673 0634 Mobile +45 6165 6540