TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

News Details

TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

May 27, 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, DKK Transaction value, DKK
Accumulated, latest announcement 1,377,755   396,399,291
20 May 2019 40,600   244.30  9,918,434 
21 May 2019 39,745   248.71    9,885,050 
22 May 2019 38,885   255.13    9,920,835 
23 May 2019 39,487   250.83    9,904,591 
24 May 2019 39,683   249.70    9,909,000 
Accumulated under the programme 1,576,155   445,937,201

With the transactions stated above, Pandora owns a total of 2,001,043 treasury shares, corresponding to 2.0% 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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