Pandora Initiates Strategic Share Buyback Program
Pandora Initiates Strategic Share Buyback Program
Recently, Pandora announced a strategic move to enhance shareholder value through a new share buyback program. This initiative aims to reduce the company’s share capital while meeting obligations related to its incentive programs. Executed under strict regulatory frameworks, this program reflects Pandora's commitment to maintaining shareholder confidence and promoting its long-term financial health.
Details of the Buyback Program
The newly launched buyback program allows Pandora to repurchase shares for a cumulative maximum amount of DKK 4 billion. The execution period stretches from the start of February 2025 until the end of January 2026. This timeline is significant as it indicates a robust plan for enhancing equity value over time.
Initial Tranche and Management
The first tranche of this buyback program, valued at up to DKK 1.3 billion, has already begun and is scheduled to conclude no later than June 2025. Nordea has been appointed as the sole lead manager for this initial stage, ensuring the process is conducted efficiently and transparently.
Transaction Overview
To date, several transactions have already been completed under this program, demonstrating a proactive approach to share repurchase. The accumulated transactions reflect an organized strategy to strengthen the company’s market position and shareholder value. For transparency, all these transactions are documented, adhering to the regulatory standards laid out by the European Union.
Impact on Shareholder Value
With the ongoing repurchase activities, the company’s treasury shares now total 3,312,098, which accounts for around 4% of Pandora’s entire share capital. This move not only reduces the number of outstanding shares but is also a signal to the market about Pandora’s financial strategy and its potential for future growth.
Transparency Through Regulations
All transactions related to this buyback program are outlined in detail as required by the relevant regulations. This commitment to transparency reflects Pandora's dedication to its regulatory obligations and ensures stakeholders are kept informed about the company's financial maneuvers.
About Pandora
Pandora is recognized as the world's largest jewelry brand, specializing in creating high-quality, accessible luxury jewelry. The brand prides itself on inspiring self-expression through its unique designs. Sold in over 100 countries, Pandora operates approximately 6,800 points of sale, including more than 2,700 concept stores worldwide.
Commitment to Sustainability
Headquartered in Copenhagen, Denmark, Pandora employs around 37,000 individuals and is committed to using recycled materials, including gold and silver, in its jewelry crafting processes. In a bid to lead in sustainability, the company has set an ambitious target to halve its greenhouse gas emissions throughout its value chain by 2030, reflecting its corporate responsibility.
Contact Information
For shareholders and interested parties seeking more information, Pandora provides accessible contact options:
Investor Relations
Bilal Aziz
VP, Investor Relations & Treasury
Phone: +45 3137 9486
Email: biazi@pandora.net
Media Relations
Johan Melchior
VP, Media Relations & Public Affairs
Phone: +45 4060 1415
Email: jome@pandora.net
Director of Investor Relations
Adam Fuglsang
Director, Investor Relations
Phone: +45 6167 7425
Email: adfug@pandora.net
Frequently Asked Questions
What is the purpose of the share buyback program by Pandora?
The program is designed to reduce the company's share capital and meet obligations from incentive programs.
Who is managing the share buyback program for Pandora?
Nordea has been appointed as the sole lead manager for the initial tranche of the buyback program.
How many treasury shares does Pandora currently own?
Pandora owns approximately 3,312,098 treasury shares, which is around 4% of its total share capital.
What are Pandora’s sustainability commitments?
Pandora aims to halve its greenhouse gas emissions across its value chain by 2030 and uses recycled materials in its products.
How can shareholders contact Pandora for further information?
Shareholders can reach out to Investor Relations or Media Relations departments via provided contact details for any inquiries.
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