BlackRock's Shareholding Update
Pandora A/S announces the latest updates regarding major shareholder activities, particularly regarding BlackRock, Inc. The company has received a notification that BlackRock currently controls the voting rights for 7,135,733 shares. This stockholding represents approximately 8.7% of the total share capital and voting rights of the company. Notably, this marks a slight decrease from its previous stake of 8.81%.
In addition to these shares, BlackRock also manages voting rights via financial instruments that amount to another 1.29%. This figure is down from 1.31% in the past announcements. Consequently, the cumulative control that BlackRock, Inc. has over Pandora’s voting rights now stands at 9.99%, a decrease from the former 10.13%.
Understanding Pandora A/S
Pandora is renowned as the largest jewelry brand in the world, celebrated for its high-quality hand-finished jewelry pieces. The company takes pride in creating unique designs that are accessible to audiences across multiple markets. Pandora jewelry is sold globally in over 100 countries through a network of approximately 6,700 retail locations, which includes more than 2,600 of its own concept stores.
Pandora’s Commitment to Sustainability
Operating from its headquarters in Copenhagen, Denmark, Pandora is making impressive moves in the realm of sustainability. The company employs around 33,000 dedicated professionals worldwide and produces its exquisite pieces in three key facilities located in Thailand. A strong commitment to sustainable practices is evident, as Pandora sources recycled materials such as silver and gold for its jewelry. Furthermore, the company aims to reduce its greenhouse gas emissions by 50% across its entire value chain by the year 2030.
Financial Performance
Pandora is listed on the Nasdaq Copenhagen stock exchange and reported a remarkable revenue of DKK 28.1 billion, roughly equivalent to EUR 3.8 billion, in its last fiscal year. This strong financial performance underscores the brand’s powerful presence in the jewelry market and its ability to adapt and grow.
Contact Information
For those seeking further information regarding investor relations and company communications, Pandora has made it easy to connect with its team. Key contacts include:
Investor Relations
Bilal Aziz
VP, Investor Relations & Treasury
Phone: +45 3137 9486
Email: bazi@pandora.net
Corporate Communications
Johan Melchior
VP, Media Relations & Public Affairs
Phone: +45 4060 1415
Email: jome@pandora.net
Additional Investor Relations Contact
Adam Fuglsang
Director, Investor Relations
Phone: +45 6167 7425
Email: adfug@pandora.net
Frequently Asked Questions
What is the current shareholding of BlackRock in Pandora?
As of the latest announcement, BlackRock controls voting rights for approximately 9.99% of Pandora’s shares.
How does BlackRock's stake compare to previous figures?
BlackRock's control has decreased from 10.13% to 9.99%, indicating a slight reduction in its influence.
What is Pandora’s position in the jewelry market?
Pandora is recognized as the world's largest jewelry brand, with a diverse product range sold in over 100 countries.
What sustainability initiatives is Pandora pursuing?
Pandora is committed to sourcing recycled materials and aims to halve its greenhouse gas emissions by 2030.
Who should I contact for more information about Pandora?
Contact Bilal Aziz for investor relations or Johan Melchior for corporate communications for more details on the company.
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