BlackRock's Voting Power and Pandora's Commitment to Sustainability

BlackRock's Influence in Pandora A/S

Pandora A/S recently updated its shareholders on the control exercised by BlackRock, Inc. regarding its voting rights. BlackRock, a prominent investment management company, has confirmed it now oversees voting rights for 7,173,063 shares of Pandora, accounting for 8.74% of the total share capital and voting power. This figure marks a slight decline from a previous percentage of 8.77%. Moreover, BlackRock holds additional voting rights tied to financial instruments amounting to 1.20%, down from 1.24%. Consequently, BlackRock's total control over voting rights now stands at 9.95%, which is a decrease from an earlier level of 10.01%.

About Pandora: A Leader in the Jewelry Industry

Pandora is recognized as the world's largest jewelry brand, celebrated for its exceptional designs and high-quality hand-finished jewelry sold globally. Its products are accessible due to a reasonable pricing strategy, with sales channels spanning over 100 countries and 6,700 points of sale, including more than 2,600 concept stores dedicated exclusively to the brand.

Pandora's Core Values and Sustainability Goals

Headquartered in Copenhagen, Denmark, Pandora employs a dedicated workforce of 33,000 people. The company prides itself on crafting its exquisite jewelry primarily in Thailand, utilizing only recycled silver and gold. Sustainability is a core tenet of Pandora’s operational ethic, and it is taking significant strides towards reducing its environmental impact. The company aims to halve its greenhouse gas emissions throughout its value chain by 2030, demonstrating a firm commitment to sustainable practices and corporate responsibility.

Financial Performance and Market Presence

Pandora A/S is consistently recognized within the investment community, being listed on the Nasdaq Copenhagen stock exchange. The company achieved remarkable financial results in 2023, generating revenue of DKK 28.1 billion, equivalent to EUR 3.8 billion. This impressive financial performance underscores Pandora's strong market presence and popularity among consumers.

Contacting Pandora for Investor Relations

For those interested in learning more about Pandora’s investor relations or for media inquiries, the company has designated contacts available:

Investor Relations:
Bilal Aziz,
Vice President, Investor Relations & Treasury,
Phone: +45 3137 9486,
Email: [biazi@pandora.net](mailto:biazi@pandora.net)

Corporate Communications:
Johan Melchior,
Vice President, Media Relations & Public Affairs,
Phone: +45 4060 1415,
Email: [jome@pandora.net](mailto:jome@pandora.net)

Additional Contact:
Adam Fuglsang,
Director, Investor Relations,
Phone: +45 6167 7425,
Email: [adfug@pandora.net](mailto:adfug@pandora.net)

Frequently Asked Questions

What is BlackRock's current control over Pandora's shares?

As of now, BlackRock controls 8.74% of Pandora's total share capital, along with additional financial instruments amounting to 1.20%, totaling 9.95% voting rights.

What makes Pandora unique in the jewelry industry?

Pandora is distinguished by its commitment to creating high-quality, hand-finished jewelry at accessible prices, making it the largest jewelry brand globally.

How does Pandora approach sustainability?

Pandora focuses on using recycled materials and aims to halve its greenhouse gas emissions across its value chain by 2030, highlighting its dedication to sustainability.

Where can I find more information about Pandora's financial performance?

Pandora reported a remarkable revenue of DKK 28.1 billion (EUR 3.8 billion) for 2023, showcasing its strong market presence.

Who can I contact for investor inquiries at Pandora?

Investors can reach out to Bilal Aziz, VP of Investor Relations, or Johan Melchior, VP of Media Relations, through the provided contact information for inquiries.

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