Major Shareholder Update by Pandora A/S
In line with the requirements of the Capital Markets Act, Pandora A/S has made an important announcement regarding the activities of significant shareholders. BlackRock, Inc. has communicated some notable changes to its holdings in the company that all stakeholders should be aware of.
BlackRock's Shareholding Changes
Recently, BlackRock, Inc. disclosed that its total ownership within Pandora A/S had shifted considerably. Initially, on a specified date, BlackRock reported an increase in their aggregate shareholdings to 10.00% of the overall share capital and voting rights of Pandora A/S. This included:
- 7,506,627 shares, which equates to 9.5% of total shares and voting rights (an increase from the previous 8.74%), and
- Financial instruments representing an additional 0.5% (a decrease from the earlier 1.20%).
However, shortly after this announcement, BlackRock updated their holdings again. It was reported that on a subsequent date, the total ownership had slightly decreased to 9.99% of the total shares and voting rights, detailed as follows:
- 7,504,970 shares, maintaining the same 9.5% ownership ratio, and
- Financial instruments now accounting for 0.49% (a minimal adjustment from 0.5%).
About Pandora A/S
Pandora is globally recognized as the largest jewellery brand, focusing on designing and marketing luxurious yet accessible jewellery crafted from premium materials. Every piece of jewellery aims to inspire self-expression, allowing individuals to narrate their unique stories through meaningful designs. Pandora products are available in over 100 countries through an extensive network of 6,800 points of sale, which includes more than 2,700 concept stores around the world.
Commitment to Sustainability
Headquartered in Copenhagen, Denmark, and with a workforce comprising 37,000 employees globally, Pandora's commitment to sustainability is a core aspect of its business philosophy. The company places emphasis on using only recycled silver and gold in its jewellery production—a testament to its dedication to environmentally responsible practices. As part of its sustainability strategy, Pandora aims to reduce greenhouse gas emissions across its entire value chain by 2030.
Financial Performance
Pandora is publicly traded on the Nasdaq Copenhagen stock exchange and, in the recent fiscal year, reported impressive earnings amounting to DKK 31.7 billion (approximately EUR 4.2 billion) for 2024. This continued growth indicates the brand's resilience and popularity in the competitive jewellery market.
Get in Touch with Pandora A/S
For those seeking further information, please direct your inquiries to the following contacts:
- Investor Relations
BILAL AZIZ
SVP, Investor Relations & Treasury
+45 3137 9486
biazi@pandora.net - Corporate Communications
JOHAN MELCHIOR
VP, Media Relations & Public Affairs
+45 4060 1415
jome@pandora.net - Director, Investor Relations
ADAM FUGLSANG
+45 6167 7425
adfug@pandora.net
Frequently Asked Questions
What recent changes occurred regarding BlackRock's holdings in Pandora?
BlackRock, Inc. announced an initial increase in their holdings to 10.00%, which subsequently adjusted back to 9.99% shortly thereafter.
What does Pandora specialize in?
Pandora specializes in designing and marketing accessible luxury jewellery, enabling individuals to express themselves through unique pieces.
How does Pandora approach sustainability?
Pandora is committed to sustainability, primarily utilizing recycled materials and aiming to halve its greenhouse gas emissions by 2030.
Where can I find Pandora's products?
Pandora jewellery can be found in over 6,800 points of sale across more than 100 countries, including standalone concept stores.
What was Pandora's financial performance last year?
The company reported DKK 31.7 billion (EUR 4.2 billion) in revenue for the fiscal year ending 2024.
