No. 146
COMPANY ANNOUNCEMENT
3 March 2014

 

On 18 February, PANDORA initiated a share buy-back programme, cf. Company announcement no. 143. 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 2,400 million in the period from 18 February to 31 December 2014.

The following transactions have been made under the programme:

 

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated last announcement	122,564		40,791,725
24 February 2014	35,090	344.95	12,104,306
25 February 2014	78,705	356.18	28,032,997
26 February 2014	45,911	350.90	16,109,940
27 February 2014	14,430	349.25	5,039,693
28 February 2014	3,936	354.98	1,397,217
Accumulated under the program	300,363		103,475,879

               

With the transactions stated above, PANDORA owns a total of 3,761,687 treasury shares, corresponding to 2.9% 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 80 countries on six continents through approximately 10,300 points of sale, including approximately 1,100 Concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over 8,500 people worldwide of whom 5,900 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 2013, PANDORA's total revenue was DKK 9.0 billion (approximately EUR 1.2 billion). For more information, please visit www.pandoragroup.com.

 

CONTACT

For more information, please contact:

INVESTOR RELATIONS

Morten Eismark
VP Group Investor Relations
Phone +45 3673 8213
Mobile:+45 3045 6719

Magnus Thorstholm Jensen
Investor Relations Officer
Phone +45 4323 1739
Mobile: +45 3050 4402

 

MEDIA RELATIONS

Jakob Risom Langelund
Press Officer
Phone +45 3673 0634
Mobile: +45 6165 6540