23 December 2013
On 26 February 2013, PANDORA initiated a share buy-back programme, cf. Company announcement no. 69 of 26 February 2013. The programme was implemented in accordance with the provisions of European Commission Regulation no. 2273/2003 of 22 December 2003 (the Safe Harbour Regulation). The purpose of the programme is to reduce PANDORAs 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 700 million in the period from 26 February 2013 to 31 December 2013.
The following transactions have been made under the programme:
|Average purchase price, DKK||Transaction value, DKK|
|Accumulated last announcement||3,307,258||685,571,280|
|9 December 2013||7,012||286.03||2,005,628|
|10 December 2013||1,640||287.88||472,115|
|11 December 2013||11,179||294.54||3,292,617|
|12 December 2013||14,443||296.65||4,284,516|
|13 December 2013||3,264||295.83||965,576|
|Accumulated under the program||3,344,796||696,591,732|
With the transactions stated above, PANDORA owns a total of 3,527,721 treasury shares, corresponding to 2.7% of the share capital.
PANDORA designs, manufactures and markets hand-finished and modern jewellery made from genuine materials at affordable prices. PANDORA jewellery is sold in more than 70 countries on six continents through approximately 10,300 points of sale, including approximately 1,000 Concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over 7,300 people worldwide of whom 5,200 are located in Gemopolis, Thailand, where the company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ OMX Copenhagen stock exchange in Denmark. In 2012, PANDORA’s total revenue was DKK 6.7 billion (approximately EUR 900 million). For more information, please visit www.pandoragroup.com.
For further queries, please contact:
VP Group Investor Relations
Phone +45 3673 8213
Mobile +45 3045 6719
Phone +45 3673 0634
Mobile +45 6165 6540
Magnus Thorstholm Jensen
Investor Relations Officer
Phone +45 4323 1739
Mobile +45 3050 4402