On 5 February 2025, Pandora announced a new share buyback programme, cf. Company announcement no. 923. 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 6 February 2025 until 30 January 2026 at the latest, both days inclusive.
The first tranche of up to DKK 1.3 billion commenced on 6 February 2025 and finished on 6 June 2025. Pandora has appointed BNP as the sole lead manager of the second tranche of DKK 1.35 billion of the buy-back programme, which will run from 10 June 2025 and finish no later than 3 October 2025.
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The following transactions have been made under the programme:
Number of
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sharesAverage purchase price, DKKTransaction value,
DKKAccumulated under the programme1,889,886 2,081,411,50928 July 20255,8771,071.426,296,74629 July 20253,0001,077.303,231,89930 July 202517,0001,073.4618,248,84231 July 20254,7191,078.195,087,9611 August 202528,0001,080.7230,260,264Accumulated under the programme1,948,482 2,144,537,221 With the transactions stated above, Pandora owns a total of 2,230,832 treasury shares, corresponding to 2.8% 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.
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ABOUT PANDORA
Pandora is the world’s largest jewellery brand, specialising in the design, crafting and marketing of accessible luxury jewellery made from high-quality materials. Each piece is created to inspire self-expression, allowing people to share their stories and passions through meaningful jewellery. Pandora jewellery is sold in more than 100 countries through 6,800 points of sale, including more than 2,700 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 37,000 people worldwide and crafts its jewellery using only recycled silver and gold. Pandora is committed to leadership in sustainability and 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 31.7 billion (EUR 4.2 billion) in 2024.
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CONTACT
For more information, please contact:
Investor Relations
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BILAL AZIZ
SVP, Investor Relations & Treasury
+45 3137 9486
[email protected] Corporate Communications
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JOHAN MELCHIOR
VP, Media Relations & Public Affairs
+45 4060 1415
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[email protected]
ADAM FUGLSANG
Director, Investor Relations
+45 6167 7425
[email protected]
Attachments
Appendix_Company_Announcement_No_962
Appendix_Company_Announcement_No_962
Pandora_Company_Announcement_No_962
