TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME
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|
|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.
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).
For more information, please contact:
| INVESTOR RELATIONS|
VP, Investor Relations, Tax & Treasury
+45 7219 5387
| CORPORATE COMMUNICATION|
Director External Relations
+45 4060 1415
Senior Investor Relations Officer
+45 7219 5344
Investor Relations Officer
+45 7219 5361