Transactions in connection with share buyback programme

On 17 August 2021, Pandora announced a share buy-back programme, cf. Company announcement no. 644. 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 company incentive programmes.

Under the programme Pandora will repurchase shares for an aggregate maximum amount of DKK 500 million. The programme commenced on 18 August 2021 and will conclude no later than 29 October 2021.

The following transactions have been made under the programme:

  Number of
shares
Average purchase price, DKK Transaction value, DKK
Accumulated, latest  announcement 110,500   86,465,322
30 August 2021 14,000 764.05 10,696,708
31 August 2021 13,000 759.60 9,874,863
01 September 2021 8,000 784.00 6,272,005
02 September 2021 10,000 782.54 7,825,438
03 September 2021 13,000 777.33 10,105,258
Accumulated under the programme 168,500   131,239,594

With the transactions stated above, Pandora owns a total of 1,096,885 treasury shares, corresponding to 1.10% 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 jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through more than 6,700 points of sale, including around 2,600 concept stores.

Headquartered in Copenhagen, Denmark, Pandora employs 26,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold.  The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 19.0 billion (EUR 2.5 billion) in 2020.

Contact
For more information, please contact:

Investor Relations
John Bäckman
VP, Investor Relations, Tax & Treasury
+45 5356 6909
[email protected]

Kristoffer Aas Malmgren
Investor Relations Director
+45 3050 1174
[email protected]

Corporate Communications
Johan Melchior
Director External Relations
+45 4060 1415
[email protected]
 

Leave a Reply

Your email address will not be published. Required fields are marked *