Pandora's Major Shareholder Update: Insights and Future Outlook
Recent Announcement on Major Shareholder Control
In line with the Capital Markets Act, Pandora A/S has made a significant announcement regarding its shareholding structure. BlackRock, Inc. has communicated its control over voting rights for an impressive 7,225,900 shares, representing 8.81% of the total share capital. This marks a slight increase from the previous figure of 8.68%. Additionally, BlackRock is reported to manage voting rights related to financial instruments, which amounts to 1.18%, up from 1.14%.
Understanding BlackRock's Role
To encapsulate, BlackRock, Inc. now holds the reins on a total of 10.00% of Pandora's voting rights, a rise from 9.82%. This change is noteworthy as it implies increased influence by one of the largest investment management firms in the world. Such a shift can impact strategic decisions, shareholder meetings, and the company’s overall direction.
About Pandora
Pandora is recognized as the largest jewellery brand globally, renowned for its exquisite craftsmanship and customer-centric designs. The company manufactures and markets unique, hand-finished jewellery crafted from top-quality materials that cater to diverse price ranges. With a presence in over 100 countries, Pandora operates 6,700 points of sale, including over 2,600 dedicated concept stores.
Commitment to Sustainability
Headquartered in Copenhagen, Denmark, Pandora boasts a dedicated workforce of approximately 33,000 employees across various locations. The company operates three manufacturing facilities in Thailand and is committed to using only recycled silver and gold in their jewellery production. Their sustainability initiatives aim to halve greenhouse gas emissions across their entire value chain by the year 2030.
Pandora's Financial Performance
Recently listed on the Nasdaq Copenhagen stock exchange, Pandora has shown impressive financial outcomes, generating significant revenue amounting to DKK 28.1 billion, which translates to approximately EUR 3.8 billion. This robust financial performance underscores the brand's strength and resilience in the competitive jewellery market.
Contact Information
If you seek more information regarding this announcement, you can reach out to the following contacts:
Investor Relations
Bilal Aziz
VP, Investor Relations & Treasury
Phone: +45 3137 9486
Email: biadzi@pandora.net
Corporate Communications
Johan Melchior
VP, Media Relations & Public Affairs
Phone: +45 4060 1415
Email: jome@pandora.net
Additional Contact
Adam Fuglsang
Director, Investor Relations
Phone: +45 6167 7425
Email: adfug@pandora.net
Frequently Asked Questions
What is the recent announcement made by Pandora?
Pandora announced that BlackRock, Inc. controls a total of 10.00% of its voting rights.
How much of Pandora's shares does BlackRock control?
BlackRock controls 7,225,900 shares, which is 8.81% of Pandora's total share capital.
What commitments does Pandora have towards sustainability?
Pandora aims to halve its greenhouse gas emissions throughout its value chain by 2030.
Where is Pandora headquartered?
Pandora is headquartered in Copenhagen, Denmark.
What was Pandora's revenue in 2023?
Pandora generated a revenue of DKK 28.1 billion, equivalent to approximately EUR 3.8 billion in 2023.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.