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Transactions in Connection With Share Buyback Programme

On 13 March 2019, Pandora announced a share buy-back programme, cf. Company announcement no. 507. 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 employee share option programmes.

Under the programme Pandora will buy back shares for an amount up to DKK 2.2 billion in the period from 14 March 2019 to 19 March 2020 at latest.

The following transactions have been made under the programme:

  Number of
Average purchase price, DKK Transaction value,  DKK
Accumulated, latest  announcement 6,846,036   1,854,135,560
13 January 2020 35,000   343.10   12,008,668 
14 January 2020 27,470   348.10   7,821,888 
15 January 2020 38,249   354.30   13,551,452 
16 January 2020 20,000   357.10   7,141,924 
17 January 2020 34,281   367.06   12,583,163 
Accumulated under the programme 6,996,036   1,907,242,655

With the transactions stated above, Pandora owns a total of 7,420,924 treasury shares, corresponding to 7.42% 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.

Pandora designs, manufactures and markets hand-finished and contemporary jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries on six continents through more than 7,500 points of sale, including more than 2,700 concept stores.

Founded in 1982 and headquartered in Copenhagen, Denmark, Pandora employs more than 26,000 people worldwide of whom more than 11,500 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2018, Pandora’s total revenue was DKK 22.8 billion (approximately EUR 3.1 billion).

For more information, please contact:

Michael Bjergby
VP, Investor Relations, Tax & Treasury
+45 7219 5387
Johan Melchior
Director External Relations
+45 4060 1415
Christian Møller
Investor Relations Officer
+45 7219 5361