Transactions in connection with share buyback programme
April 29 2024 - 7:13AM
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 up to DKK 1.3 billion commenced on 8 February 2024 and
will finish no later than 1 July 2024. Pandora has appointed BNP
Paribas as sole lead manager for the first tranche.
The following transactions have been made under
the programme:
|
Number of shares |
Average purchase price, DKK |
Transaction value, DKK |
Accumulated under the programme |
870,183 |
|
969,576,858 |
22 April 2024 |
4,000 |
1,094.06 |
4,376,236 |
23 April 2024 |
4,000 |
1,100.38 |
4,401,502 |
24 April 2024 |
4,227 |
1,101.90 |
4,657,736 |
25 April 2024 |
39,691 |
1,084.62 |
43,049,557 |
26 April 2024 |
16,014 |
1,090.54 |
17,463,899 |
Accumulated under the programme |
938,115 |
|
1,043,525,788 |
With the transactions stated above, Pandora owns
a total of 835,034 treasury shares, corresponding to 1% of the
Company’s share capital.
In accordance with Regulation (EU) No 596/2014,
all transactions related to the share buyback programmes are
presented in detailed form in the spread sheet attached to this
Company Announcement.
ABOUT PANDORAPandora 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 AzizVP, Investor Relations & Treasury+45 3137
9486biazi@pandora.net |
CORPORATE
COMMUNICATIONSJohan MelchiorVP, Media Relations &
Public Affairs+45 4060 1415jome@pandora.net |
Adam
FuglsangDirector, Investor Relations +45 6167
7425adfug@pandora.net |
|
- Pandora_Company_Announcement_No_863
- Appendix_Company_Announcement_No_863
- Appendix_Company_Announcement_No_863