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Transactions in connection with share buyback programme

02-21-2022

On 9 February 2022, Pandora announced a new share buyback programme, cf. Company announcement no. 692. 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 3.3 billion. The programme commenced on 9 February 2022, cf. Company Announcement no. 692, and will conclude no later than 3 February 2023.

The following transactions have been made under the programme:

  Number of
shares 		Average purchase price, DKK Transaction value,    
DKK
Accumulated, latest  announcement 56,470   41,531,550
14 Feb 2022 23,500 710.42 16,694,809
15 Feb 2022 17,000 731.87 12,441,795
16 Feb 2022 20,000 728.48 14,569,558
17 Feb 2022 18,300 728.93 13,339,415
18 Feb 2022 24,000 711.07 17,065,738
Accumulated under the programme 159,270   115,642,865

With the transactions stated above, Pandora owns a total of 5,190,684 treasury shares, corresponding to 5.2% 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 is the world’s largest jewellery brand. The company 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 6,800 points of sale, including more than 2,600 concept stores.

Headquartered in Copenhagen, Denmark, Pandora employs 27,000 people worldwide and crafts its jewellery at two LEED Gold-certified facilities in Thailand using mainly recycled silver and gold. Pandora is committed to leadership in sustainability and has set science-based targets to reduce greenhouse gas emissions by 50% across its own operations and value chain by 2030. The company is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 23.4 billion (EUR 3.1 billion) in 2021.

Contact
For more information, please contact:

Investor Relations
John Bäckman
VP, Investor Relations, Tax & Treasury
+45 5356 6909
jobck@pandora.net


Kristoffer Aas Malmgren
Investor Relations Director
+45 3050 1174
kram@pandora.net 		Corporate Communications
Johan Melchior
Director External Relations
+45 4060 1415
jome@pandora.net 		 

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