Transactions in connection with share buyback programme
August 19 2024 - 9:13AM
UK Regulatory
Transactions in connection with share buyback programme
On 7 February 2024, Pandora announced a new share buyback
programme, cf. Company announcement no. 843. 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 Pandora’s share capital
and to meet obligations arising from company incentive
programmes.
Under the programme Pandora will repurchase
shares for an aggregate maximum amount of DKK 4.0 billion from 8
February 2024 until 31 January 2025 at the latest, both days
inclusive.
The first tranche of DKK 1.3 billion was finished on 11 June 2024.
The second tranche of up to DKK 1.3 billion commenced on 13 June
2024 and will finish no later than 27 September 2024. Pandora has
appointed SEB as the sole lead manager for the second tranche.
The following transactions have been made under
the programme:
|
Number of
shares |
Average purchase price, DKK |
Transaction value,
DKK |
Accumulated under the programme |
1,805,450 |
|
1,963,968,416 |
12 August 2024 |
16,553 |
1,039.27 |
17,203,036 |
13 August 2024 |
8,467 |
1,043.53 |
8,835,608 |
14 August 2024 |
25,000 |
1,064.24 |
26,606,058 |
15 August 2024 |
15,171 |
1,051.90 |
15,958,346 |
16 August 2024 |
13,250 |
1,065.47 |
14,117,461 |
Accumulated under the programme |
1,883,891 |
|
2,046,688,925 |
With the transactions stated above, Pandora owns
a total of 1,780,810 treasury shares, corresponding to 2.2% 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 detail in the spreadsheet attached to this Company
Announcement.
ABOUT PANDORA
Pandora is the world’s largest jewellery brand. The company
designs, manufactures and markets hand-finished jewellery made from
high-quality materials at accessible price points. Pandora
jewellery is sold in more than 100 countries through 6,700 points
of sale, including more than 2,600 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 33,000
people worldwide and crafts its jewellery at three facilities in
Thailand. Pandora is committed to leadership in sustainability and
is sourcing recycled silver and gold for all of its jewellery, just
as the company has set out to halve greenhouse gas emissions across
its value chain by 2030. Pandora is listed on the Nasdaq Copenhagen
stock exchange and generated revenue of DKK 28.1 billion (EUR 3.8
billion) in 2023.
Contact
For more information, please contact:
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 |
Adam Fuglsang
Director, Investor Relations
+45 6167 7425
adfug@pandora.net |
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- Pandora_Company_Announcement_No_887
- Appendix_Company_Announcement_No_887
- Appendix_Company_Announcement_No_887