On 18 February, PANDORA initiated a share buy-back programme, cf. Company announcement no. 143. The programme is 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 2,400 million in the period from 18 February to 31 December 2014.
The following transactions have been made under the programme:
|Average purchase price, DKK||Transaction value, DKK|
|Accumulated last announcement||3,773,065||1,434,089,835|
|18 August 2014||10,479||426.72||4,471,599|
|19 August 2014||4,716||430.04||2,028,065|
|20 August 2014||18,181||428.02||7,781,773|
|21 August 2014||8,350||429.83||3,589,048|
|22 August 2014||9,467||425.35||4,026,777|
|Accumulated under the program||3,824,258||1,455,987,097|
With the transactions stated above, PANDORA owns a total of 5,165,062 treasury shares, corresponding to 4.0% 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 80 countries on six continents through approximately 10,000 points of sale, including more than 1,200 Concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over 9,000 people worldwide of whom approximately 7,000 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 2013, PANDORA’s total revenue was DKK 9.0 billion (approximately EUR 1.2 billion). For more information, please visit www.pandoragroup.com.
For more information, please contact:
VP Group Investor Relations
Phone +45 3673 8213
Mobile +45 3045 6719
Jakob Risom Langelund
Phone +45 3673 0634
Mobile +45 6165 6540
Magnus Thorstholm Jensen
Investor Relations Officer
Phone +45 4323 1739
Mobile +45 3050 4402
 The stated number of treasury shares is updated to reflect a correction of an inaccuracy in the number of shares reported in earlier company announcements.