Update on BlackRock's Shareholding
Pandora A/S has shared the latest developments concerning its major shareholder, BlackRock, Inc. The company has been informed that BlackRock currently holds the voting rights for 7,135,733 shares. This represents about 8.7% of Pandora's total share capital and voting rights, which is a slight decrease from the previous stake of 8.81%.
In addition to these shares, BlackRock manages voting rights through financial instruments that account for another 1.29%. This figure has also seen a minor reduction from the previous 1.31%. As a result, BlackRock, Inc.'s total control over Pandora’s voting rights now amounts to 9.99%, down from the earlier figure of 10.13%.
About Pandora A/S
Pandora is recognized as the largest jewelry brand globally, known for its exquisite hand-finished jewelry pieces. The company prides itself on crafting unique designs that appeal to diverse audiences across various markets. Pandora's jewelry is available in over 100 countries, distributed through a network of approximately 6,700 retail locations, including more than 2,600 of its own concept stores.
Pandora’s Focus on Sustainability
Headquartered in Copenhagen, Denmark, Pandora is making significant strides in sustainability. The company employs around 33,000 dedicated professionals worldwide and produces its beautiful jewelry in three main facilities located in Thailand. Demonstrating a strong commitment to sustainable practices, Pandora sources recycled materials like silver and gold for its products. Additionally, the company has set an ambitious goal to reduce its greenhouse gas emissions by 50% across its entire value chain by 2030.
Financial Overview
Pandora is listed on the Nasdaq Copenhagen stock exchange and reported impressive revenue of DKK 28.1 billion, which is approximately EUR 3.8 billion, in its most recent fiscal year. This strong financial performance highlights the brand’s robust presence in the jewelry market and its capacity to adapt and thrive.
Contact Information
For those interested in learning more about investor relations or company communications, Pandora has made it easy to reach out to its team. Here are the key contacts:
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?
For inquiries, contact Bilal Aziz for investor relations or Johan Melchior for corporate communications for more details on the company.
