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Pandora A/S

05/31/2021 | Press release | Distributed by Public on 05/31/2021 08:19

Transactions in connection with share buyback programme

Transactions in connection with share buyback programme

05-31-2021

On 4 May 2021, Pandora announced a share buy-back programme, cf. Company announcement no. 622. 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 buy back shares for an amount up to DKK 500 million in the period from 5 May 2021 to 13 August 2021 at latest, both days inclusive.

The following transactions have been made under the programme:

Number of
shares
Average purchase price, DKK Transaction value,
DKK
Accumulated, latest announcement 116,000 88,336,367
25 May 2021 8,000 794.76 6,358,114
26 May 2021 7,000 816.34 5,714,413
27 May 2021 7,000 812.73 5,689,102
28 May 2021 8,000 824.55 6,596,398
Accumulated under the programme 146,000 112,694,394

With the transactions stated above, Pandora owns a total of 464,785 treasury shares, corresponding to 0.46 % 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 jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through more than 6,700 points of sale, including around 2,700 concept stores.

Headquartered in Copenhagen, Denmark, Pandora employs 26,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 19.0 billion (EUR 2.5 billion) in 2020.

Contact
For more information, please contact:

Investor Relations
John Bäckman
VP, Investor Relations, Tax & Treasury
+45 5356 6909
[email protected]

Kristoffer Aas Malmgren
Investor Relations Director
+45 3050 1174
[email protected]
Corporate Communications
Johan Melchior
Director External Relations
+45 4060 1415
[email protected]

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