| Press Release |
| 18. april 2011 |
Announcement from Axcel on behalf of Prometheus Invest
This announcement is regarding Company Announcement No.26 from PANDORA
Copenhagen, Denmark - Following PANDORAs update on financial expectations for 2011 - released this morning to the market - Axcel, on behalf of the majority shareholder in PANDORA (Prometheus Invest), has noted that there has been speculation with respect to its position as a long term shareholder.
Axcel continues to be a significant shareholder in PANDORA, entered into a lengthy lock up agreement at the time of the Company’s IPO to align its own interest with market expectations and has no current intention to dispose of any of its shares.
Furthermore, Axcel remains confident about PANDORAs growth prospects and fully expect to be a material shareholder for a significant period after the expiry of the lock up “
Further information:
Christian Frigast, Tel: +45 2632 6400, e-mail:cf@axcel.dk