TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

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News Desk 2018
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TRANSACTIONS IN CONNECTION WITH SHARE BUYBACK PROGRAMME

On 7 February, PANDORA initiated a share buy-back programme, cf. Company announcement no. 350. The share buyback programme is executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation). 

The purpose of the programme is to reduce PANDORAs share capital and to meet obligations arising from employee share option programmes.

Under the programme PANDORA will buy back shares for an amount up to DKK 1,800 million in the period from 7 February to 6 February 2018.

The following transactions have been made under the programme:

  Number of shares Average purchase price, DKK Transaction value, DKK
Accumulated, latest announcement 186,075   155,417,308
6 March 2017 16,734 828.81 13,869,347
7 March 2017 29,266 820.41 24,010,213
8 March 2017 6,000 811.50 4,869,000
9 March 2017 1,050 804.95 845,200
10 March 2017 500 810.50 405,250
Accumulated under the programme 239,625   199,416,317

With the transactions stated above, PANDORA owns a total of 5,114,095 treasury shares, corresponding to 4.4% of the Company’s share capital. 

In accordance with Regulation (EU) No 596/2014, all transactions related to the share buyback programme are presented in detailed form in the spread sheet attached to this Company Announcement.

ABOUT PANDORA PANDORA designs, manufactures and markets hand-finished and contemporary jewellery made from high-quality materials at affordable prices. PANDORA jewellery is sold in more than 100 countries on six continents through around 8,100 points of sale, including more than 2,100 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 21,500 people worldwide of whom around 12,400 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2016, PANDORA's total revenue was DKK 20.3 billion (approximately EUR 2.7 billion).

CONTACT For more information, please contact: 

INVESTOR RELATIONS                             Magnus Thorstholm Jensen Vice President, Head of Investor Relations +45 7219 5739 mtje@pandora.net MEDIA RELATIONS Kristian Lysgaard Director, Corporate Communications +45 7219 5774 krly@pandora.net
Brian Granberg Investor Relations Officer +45 7219 5344 brgr@pandora.net  
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