Transactions in connection with share buyback programme

Udgivet den 23-12-2024  |  kl. 17:34  |  

On 7 February 2024, Pandora announced a new share buyback programme, cf. Company announcement no. 843. 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 4.0 billion from 8 February 2024 until 31 January 2025 at the latest, both days inclusive.
The first tranche of DKK 1.3 billion concluded on 11 June 2024, while the second tranche of DKK 1.3 billion was completed on 27 September 2024. Pandora has appointed BNP as the sole lead manager on the third tranche of DKK 1.4 billion of the buy-back programme, which will run from 30 September 2024 and finish no later than 31 January 2025.

The following transactions have been made under the programme:

  Number of
shares
Average purchase price, DKK Transaction value, 
DKK
Accumulated under the programme 3,197,472   3,509,478,450
16 December 2024 12,800 1,278.36   16,363,070
17 December 2024 12,900 1,268.29 16,360,949
18 December 2024 12,800 1,266.92 16,216,577
19 December 2024 12,800 1,268.23                16,233,315
20 December 2024 12,800 1,266.72 16,213,957
Accumulated under the programme 3,261,572   3,590,866,318

With the transactions stated above, Pandora owns a total of 3,144,859 treasury shares, corresponding to 3.8% 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 detail in the spreadsheet attached to this Company Announcement.


ABOUT PANDORA
Pandora is the world's largest jewellery brand. The company designs, manufactures and markets hand-finished jewellery made from high-quality materials at accessible price points. Pandora jewellery 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 33,000 people worldwide and crafts its jewellery at three facilities in Thailand using only recycled silver and gold. Pandora is committed to leadership in sustainability and has set out to halve greenhouse gas emissions across its value chain by 2030. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated revenue of DKK 28.1 billion (EUR 3.8 billion) in 2023.

Contact

For more information, please contact:

INVESTOR RELATIONS                           

Bilal Aziz
VP, Investor Relations & Treasury
+45 3137 9486
biazi@pandora.net
CORPORATE COMMUNICATIONS

Johan Melchior
VP, Media Relations & Public Affairs
+45 4060 1415
jome@pandora.net
 

Adam Fuglsang
Director, Investor Relations
+45 6167 7425
adfug@pandora.net
 
   

                                                                                                           

Attachments

Pandora_Company_Announcement_No_914 Appendix_Company_Announcement_No_914 Appendix_Company_Announcement_No_914

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Udgivet af: NPinvestordk

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