TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

News Details

TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

May 13, 2019

On 13 March 2019, Pandora announced a share buy-back programme, cf. Company announcement no. 507. 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 Pandora’s 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 2.2 billion in the period from 14 March 2019 to 19 March 2020 at latest.

The following transactions have been made under the programme:

 Number of
shares
Average purchase price, DKKTransaction value, DKK
Accumulated, latest announcement1,049,376 308,733,426
06 May 201937,385264.41  9,884,990
07 May 201934,442278.65    9,597,339
08 May 201932,428288.80    9,365,048
09 May 201934,243278.28    9,528,974
10 May 201934,880276.55    9,646,123
Accumulated under the programme1,222,754 356,755,900

With the transactions stated above, Pandora owns a total of 1,647,642 treasury shares, corresponding to 1.65% 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 more than 7,500 points of sale, including more than 2,700 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, Pandora employs more than 28,000 people worldwide of whom more than 13,000 are located in Thailand, where the Company manufactures its jewellery. Pandora is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2018, Pandora’s total revenue was DKK 22.8 billion (approximately EUR 3.1 billion).

CONTACT
For more information, please contact:

INVESTOR RELATIONS
Michael Bjergby
VP, Investor Relations, Tax & Treasury
+45 7219 5387
miby@pandora.net
CORPORATE COMMUNICATION
Johan Melchior
Director External Relations
+45 4060 1415
jome@pandora.net
 
Brian Granberg
Senior Investor Relations Officer
+45 7219 5344
brgr@pandora.net
 
 
Christian Møller
Investor Relations Officer
+45 7219 5361
chmo@pandora.net
 

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