TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

01-28-2019

On 6 February 2018, PANDORA announced a share buy-back programme, cf. Company announcement no. 432. 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 PANDORAs 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 4,000 million in the period from 14 March 2018 to 13 March 2019.

The following transactions have been made under the programme:

 Number of
shares
Average purchase price, DKKTransaction value, DKK
Accumulated, latest announcement8,360,037 3,458,871,087
21 January 201971,432  270.9819,356,536 
22 January 201968,989 278.4719,211,649 
23 January 201969,800  277.0519,337,774 
24 January 201967,522  283.2419,125,195 
25 January 201967,597  285.6319,307,561 
Accumulated under the programme8,705,377 3,555,209,802

With the transactions stated above, PANDORA owns a total of 8,823,040 treasury shares, corresponding to 8.0% 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 around 7,700 points of sale, including more than 2,600 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 27,700 people worldwide of whom more than 14,000 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2017, PANDORA's total revenue was DKK 22.8 billion (approximately EUR 3.0 billion).

CONTACT
For more information, please contact:

INVESTOR RELATIONS   
Brian Granberg
Senior Investor Relations Officer
+45 7219 5344
brgr@pandora.net

 

CORPORATE COMMUNICATION
Mads Twomey-Madsen
Vice President, Corporate Communications & Sustainability
+45 2510 0403
madt@pandora.net

Christian Møller
Investor Relations Officer
+45 7219 5361
chmo@pandora.net
 


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