Pandora Expands Share Buyback Program to Boost Shareholder Value
Pandora's Share Buyback Initiative Overview
Pandora has recently embarked on a significant share buyback program aimed at reducing its overall share capital. This strategic move is not only aimed at fulfilling obligations arising from the company’s incentive programs but also reflects Pandora’s strong commitment to delivering value to its shareholders.
Details of the Buyback Program
Beginning on February 6, 2025, the company plans to repurchase shares amounting to a total of DKK 4.0 billion. The execution of this buyback program is grounded in compliance with Regulation (EU) No 596/2014, which outlines market abuse regulations. The buyback period will last until January 30, 2026, inclusive of both dates.
The initial phase of this buyback venture allows for a repurchase of up to DKK 1.3 billion. Evidence of the company’s proactive approach to strengthening shareholder value can be seen with the recent appointment of Nordea as the sole lead manager tasked with overseeing this first tranche.
Completed Transactions Under the Program
Throughout the program, notable transactions have been executed, reflecting Pandora’s robust methodology in its buyback operations. As of now, a total of 494,200 shares were repurchased, with a cumulative transaction value reaching DKK 597,797,194. A detailed list of shares and transaction values is compiled below:
Overview of Share Transactions:
Accumulated shares under the program: 494,200 shares
Transaction values include:
17 March 2025: 11,505 shares at an average purchase price of DKK 1,105.99, resulting in a total transaction value of DKK 12,724,362.
18 March 2025: 24,088 shares at an average price of DKK 1,076.67, totaling DKK 25,934,861.
19 March 2025: 15,000 shares with an average price of DKK 1,091.23, leading to a transaction value of DKK 16,368,474.
20 March 2025: 17,994 shares were purchased at DKK 1,120.87, bringing the total for this transaction to DKK 20,168,892.
21 March 2025: The final noted transaction detailed in this phase involved 20,433 shares at an average price of DKK 1,114.91, equating to DKK 22,781,036 in total transaction value.
Pandora’s Commitment to Sustainability
Beyond financial strategies, Pandora strives to maintain its leadership in sustainability within the jewellery sector. As the world’s largest jewellery brand, Pandora is dedicated to producing high-quality pieces exclusively crafted from recycled gold and silver. This initiative aligns with their goal to halve greenhouse gas emissions across the company’s value chain by 2030.
With over 6,800 points of sale in more than 100 countries, including 2,700 concept stores, Pandora’s reach continues to grow while emphasizing sustainable practices and craftsmanship.
Contact Information for Investor Insights
For those interested in learning more about Pandora's financial strategies or the current share buyback program, the following contacts are available:
Investor Relations:
BILAL AZIZ
VP, 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 Contact:
ADAM FUGLSANG
Director, Investor Relations
+45 6167 7425
adfug@pandora.net
Frequently Asked Questions
What is the purpose of Pandora's share buyback program?
The share buyback program aims to reduce the company's share capital and fulfill obligations from incentive programs, enhancing shareholder value.
How much does Pandora plan to spend on the buyback program?
Pandora plans to spend up to DKK 4.0 billion on the share buyback program until January 30, 2026.
Who manages Pandora's share buyback program?
Nordea has been appointed as the sole lead manager for the initial tranche of the buyback program.
How many shares have been repurchased so far?
As of now, 494,200 shares have been repurchased under the program.
What are Pandora’s commitments to sustainability?
Pandora is committed to sustainability, aiming to halve its greenhouse gas emissions across its value chain by 2030, using only recycled materials in its products.
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