Key Shareholder Update from Pandora A/S
In a recent announcement, it has come to light that there was a miscommunication regarding the nature of a significant shareholder. Previously identified as a subsidiary, the entity in question is actually a fund managed by Parvus Asset Management Jersey Limited. This clarification is crucial for all stakeholders and investors following Pandora A/S closely.
Details of Shareholding
Under section 30 of the Capital Markets Act, Pandora A/S reveals that one of the funds under the management of Parvus Asset Management Jersey Limited, known as the Parvus European Opportunities Master Fund, now holds 3,967,640 shares. This shareholding corresponds to a notable 5.02% of the total share capital of the company.
Overall, Parvus Asset Management Jersey Limited controls a total of 12.50% of the voting rights and share capital in Pandora A/S, which is an essential factor for investors to understand the voting power dynamics at play.
About Pandora and Its Commitment to Sustainability
Pandora is renowned as the world's largest jewellery brand, specializing in the design, crafting, and marketing of accessible luxury items made from high-quality materials. The brand's mission is to inspire self-expression through meaningful jewellery pieces, allowing wearers to tell their unique stories and passions. With jewellery sold in over 100 countries and through 6,800 points of sale—including more than 2,700 concept stores—Pandora has established a global presence.
The company, headquartered in Copenhagen, employs 37,000 individuals dedicated to crafting exquisite pieces using only recycled silver and gold. A core value for Pandora is sustainability; the company has made a bold commitment to reduce greenhouse gas emissions across its value chain by 50% by the year 2030.
Additionally, Pandora is listed on the Nasdaq Copenhagen stock exchange and has reported an impressive revenue of DKK 31.7 billion (approximately EUR 4.2 billion) recently, further solidifying its standing in the jewellery industry.
Investor Relations and Contact Information
For those seeking further information about Pandora A/S, the company encourages inquiries through its Investor Relations team. Contact details are provided below for your convenience:
Investor Relations
Bilal Aziz
SVP, Investor Relations & Treasury
+45 3137 9486
biazi@pandora.net
Adam Fuglsang
Director, Investor Relations
+45 6167 7425
adfug@pandora.net
Corporate Communications
Johan Melchior
VP, Media Relations & Public Affairs
+45 4060 1415
jome@pandora.net
Frequently Asked Questions
What was the recent announcement by Pandora A/S?
Pandora A/S clarified that a significant shareholder is a fund managed by Parvus Asset Management, rather than a subsidiary.
Who manages the shares mentioned in the announcement?
The Parvus European Opportunities Master Fund under Parvus Asset Management Jersey Limited manages the shares.
What percent of share capital does Parvus Asset Management hold?
Parvus Asset Management holds 5.02% of Pandora's share capital.
How does this affect Pandora's shareholding structure?
The total control held by Parvus Asset Management is 12.50% of Pandora's voting rights and share capital.
What is Pandora's commitment to sustainability?
Pandora aims to reduce its greenhouse gas emissions by 50% across its value chain by 2030, focusing on sustainable practices.
