Transactions in connection with share buyback programme
On 9 February 2022, Pandora announced a 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 concluded on 3 February 2023.
The following transactions have been made under the programme:
| Number of|
|Average purchase price, DKK|| Transaction value, |
|Accumulated under the programme1||6,285,847||3,224,467,746|
|30 January 2023||26,153||575.82||15,059,402|
|31 January 2023||26,246||571.31||14,994,718|
|01 February 2023||26,782||576.79||15,447,633|
|02 February 2023||26,156||599.63||15,683,990|
|03 February 2023||23,720||604.69||14,343,140|
|Accumulated under the programme||6,414,904||3,299,996,989|
1The accumulated transaction value has been corrected downwards with DKK 78,854 due to an overstated calculation error of the same amount in company announcement no. 758.
With the transactions stated above, Pandora owns a total of 6,804,888 treasury shares, corresponding to 7.1% of the Company’s share capital.
This concludes the programme commenced 9 February 2022, cf. Company Announcement no. 692. From 9 February 2022 to 3 February 2023, Pandora bought back 6.4 million shares at an average price of around DKK 514 for a total value of DKK 3.3 billion.
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 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 6,400 points of sale, including more than 2,400 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 27,000 people worldwide and crafts its jewellery at two LEED-certified facilities in Thailand. Pandora is committed to leadership in sustainability and will use only recycled silver and gold in its jewellery by 2025 and halve greenhouse gas emissions across its value chain by 2030. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 23.4 billion (EUR 3.1 billion) in 2021.
For more information, please contact:
| Investor Relations|
VP, Investor Relations & Treasury
+45 3137 9486
Kristoffer Aas Malmgren
Investor Relations Director
+45 3050 1174
| Corporate Communications|
VP Media Relations & Public Affairs
+45 4060 1415