On 6 February 2018, PANDORA announced a share buy-back programme, cf. Company announcement no. 432. 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 4,000 million in the period from 14 March 2018 to 13 March 2019.

The following transactions have been made under the programme:

  Number of shares Average purchase price, DKK Transaction value, DKK
Accumulated, latest announcement 2,937,635   1,566,452,014
6 August 2018 25,000 428.90   10,722,560
7 August 2018 75,000 341.35   25,601,370  
8 August 2018 7,500 336.32 2,522,390
9 August 2018 70,000 350.93 24,565,317
10 August 2018 15,000   355.06 5,325,885
Accumulated under the programme 3,130,135   1,635,189,536

With the transactions stated above, PANDORA owns a total of 3,518,663 treasury shares, corresponding to 3,2% 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 7,700 points of sale, including more than 2,500 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 26,500 people worldwide of whom around 13,200 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2017, PANDORA's total revenue was DKK 22.8 billion (approximately EUR 3.0 billion).

CONTACT For more information, please contact:

INVESTOR RELATIONS    Magnus Thorstholm Jensen Vice President, Head of Investor Relations +45 7219 5739 mtje@pandora.net   CORPORATE COMMUNICATION Mads Twomey-Madsen Vice President, Corporate Communications & Sustainability +45 2510 0403 madt@pandora.net
Christian Møller Investor Relations Officer +45 7219 5361 chmo@pandora.net  
   
Brian Granberg Investor Relations Officer +45 7219 5344 brgr@pandora.net  
   
   
   
   
   

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