Pandora A/S Announces Share Capital Reduction Strategy
Pandora A/S Shares Reduced to Enhance Financial Strategy
During a recent Annual General Meeting, Pandora A/S made an important decision to reduce its share capital by DKK 3,000,000. This decision came through the cancellation of 3,000,000 treasury shares, each valued at DKK 1. Such strategic moves are common as companies look to optimize their capital structure and enhance shareholder value.
Transparency in the Share Capital Process
The share capital reduction decision was made public through the Danish Business Authority's notification system. After a prescribed 4-week period allowing for objections, which passed without any, the Board of Directors moved forward with the capital reduction. As a result, the new nominal share capital stands at DKK 79,000,000, now represented by shares at DKK 1 each.
About Pandora A/S
Pandora is celebrated as the world's largest jewellery brand, admired for its unique designs and commitment to high-quality materials. Every piece of jewellery crafted by Pandora reflects a distinct story, allowing individuals to express themselves through elegant and meaningful accessories. Its vast collection is available in over 100 countries through approximately 6,800 sales points, which include more than 2,700 dedicated concept stores.
Pandora’s Commitment to Sustainability
Headquartered in Copenhagen, Denmark, Pandora is not only focused on producing beautiful jewellery but is also dedicated to sustainability. The company employs around 37,000 individuals and prides itself on using recycled silver and gold in their designs. Aiming for leadership in sustainable practices, Pandora has set ambitious goals to halve greenhouse gas emissions in its value chain by the year 2030. In the previous fiscal year, Pandora’s revenues reached an impressive DKK 31.7 billion (approximately EUR 4.2 billion), underscoring its growth and market position.
Contact Information for Investor and Media Relations
Should you seek additional information about Pandora A/S or related inquiries, you can reach out to their Investor Relations and Corporate Communications teams. Below are the contact details for your convenience:
Investor Relations
Bilal Aziz
SVP, Investor Relations & Treasury
+45 3137 9486
biazi@pandora.net
Corporate Communications
Johan Melchior
VP, Media Relations & Public Affairs
+45 4060 1415
jome@pandora.net
Additional Investor Contact
Adam Fuglsang
Director, Investor Relations
+45 6167 7425
adfug@pandora.net
Frequently Asked Questions
What was the reason for the share capital reduction by Pandora A/S?
The reduction was part of a strategic decision to optimize the company's capital structure and enhance shareholder value by cancelling treasury shares.
How much share capital is Pandora A/S maintaining after the reduction?
After the reduction, Pandora A/S maintains a nominal share capital of DKK 79,000,000.
What materials does Pandora A/S use in its jewellery?
Pandora A/S is committed to sustainability and exclusively crafts its jewellery using recycled silver and gold.
How many locations does Pandora A/S operate in worldwide?
Pandora A/S jewellery is available in more than 100 countries, with over 6,800 points of sale, including 2,700 concept stores.
What is Pandora's revenue for 2024?
Pandora A/S generated a revenue of DKK 31.7 billion, which is approximately EUR 4.2 billion for the year 2024.
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