On September 14, 2021, Pandora announced an increased share buyback program, cf. Company announcement no. 650. The share buyback program is executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse (market abuse regulation).
The objective of the program is to reduce Pandora’s share capital and to meet obligations arising from corporate incentive programs.
Under this program, Pandora will repurchase shares for a total maximum amount of DKK 3.5 billion. The program started on August 18, 2021, cf. Company announcement no. 644, and will end no later than February 4, 2022.
The following operations were carried out within the framework of the program:
|Average purchase price, DKK||Transaction value,
|Cumulation, last announcement||2,688,961||2,286,618,730|
|December 6, 2021||51,467||840.43||43 254 519|
|December 7, 2021||–||–||–|
|December 8, 2021||77 840||874.13||68 042 201|
|December 9, 2021||77,257||871.86||67 357 025|
|December 10, 2021||77 887||861.89||67 130 104|
|Cumulation within the framework of the program||2 973 412||2,532,402,580|
With the transactions mentioned above, Pandora holds a total of 3,901,797 treasury shares, corresponding to 3.9% of the Company’s capital.
In accordance with Regulation (EU) No 596/2014, all operations related to the share buyback program are presented in detail in the spreadsheet attached to this company announcement.
Pandora is the world’s largest jewelry brand. The company designs, manufactures and markets hand finished jewelry from high quality materials at affordable prices. Pandora jewelry is sold in more than 100 countries through 6,700 points of sale, including more than 2,600 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 26,000 people worldwide and manufactures its jewelry at two LEED certified facilities in Thailand using primarily recycled silver and gold. Pandora is committed to being a leader in sustainable development and has set itself scientific objectives aimed at reducing greenhouse gas emissions by 50% in its own operations and its value chain by 2030. The company is listed on the Nasdaq stock exchange in Copenhagen and generated sales of DKK 19.0 billion (€ 2.5 billion) in 2020.
For more information please contact:
Vice-President, Investor Relations, Taxation and Treasury
+45 5356 6909
Kristoffer Aas Malmgren
Director of External Relations
+45 4060 1415