On 9 February, PANDORA initiated a share buy-back programme, cf. Company
announcement no. 281. The share buyback programme is executed in accordance
with Commission Regulation (EC) no 2273/2003 of 22 December 2003 and from 3
July 2016 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 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 4,000 million in the period from 9 February to 31 December 2016.
The following transactions have been made under the programme:
Number of Average purchase Transaction value, shares price, DKK DKK -------------------------------------------------------------------------------- Accumulated, latest 3,081,984 2,709,254,046 announcement -------------------------------------------------------------------------------- 22 August 2016 3,014 873.71 2,633,354 -------------------------------------------------------------------------------- 23 August 2016 39,500 875.66 34,588,641 -------------------------------------------------------------------------------- 24 August 2016 50,000 871.40 43,570,135 -------------------------------------------------------------------------------- 25 August 2016 55,000 851.89 46,854,022 -------------------------------------------------------------------------------- 26 August 2016 2,486 848.24 2,108,734 -------------------------------------------------------------------------------- Accumulated under the 3,231,984 2,839,008,931 programme --------------------------------------------------------------------------------
With the transactions stated above, PANDORA owns a total of 3,720,674 treasury shares, corresponding to 3.2% 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.
ABOUT PANDORA 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 approximately 8,900 points of sale, including more than 1,900 concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 17,800 people worldwide of whom approximately 12,000 are located in Gemopolis, Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ Copenhagen stock exchange in Denmark. In 2015, PANDORA's total revenue was DKK 16.7 billion (approximately EUR 2.2 billion).
CONTACT For more information, please contact:
INVESTOR RELATIONS MEDIA RELATIONS Magnus Thorstholm Jensen Kristian Lysgaard Vice President, Head of Investor Relations Director, Group Communications +45 3050 4402 +45 2556 8561 mtje@pandora.net krly@pandora.net Brian Granberg Investor Relations Officer +45 6178 4884 brgr@pandora.net
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=583987
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 4,000 million in the period from 9 February to 31 December 2016.
The following transactions have been made under the programme:
Number of Average purchase Transaction value, shares price, DKK DKK -------------------------------------------------------------------------------- Accumulated, latest 3,081,984 2,709,254,046 announcement -------------------------------------------------------------------------------- 22 August 2016 3,014 873.71 2,633,354 -------------------------------------------------------------------------------- 23 August 2016 39,500 875.66 34,588,641 -------------------------------------------------------------------------------- 24 August 2016 50,000 871.40 43,570,135 -------------------------------------------------------------------------------- 25 August 2016 55,000 851.89 46,854,022 -------------------------------------------------------------------------------- 26 August 2016 2,486 848.24 2,108,734 -------------------------------------------------------------------------------- Accumulated under the 3,231,984 2,839,008,931 programme --------------------------------------------------------------------------------
With the transactions stated above, PANDORA owns a total of 3,720,674 treasury shares, corresponding to 3.2% 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.
ABOUT PANDORA 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 approximately 8,900 points of sale, including more than 1,900 concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 17,800 people worldwide of whom approximately 12,000 are located in Gemopolis, Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ Copenhagen stock exchange in Denmark. In 2015, PANDORA's total revenue was DKK 16.7 billion (approximately EUR 2.2 billion).
CONTACT For more information, please contact:
INVESTOR RELATIONS MEDIA RELATIONS Magnus Thorstholm Jensen Kristian Lysgaard Vice President, Head of Investor Relations Director, Group Communications +45 3050 4402 +45 2556 8561 mtje@pandora.net krly@pandora.net Brian Granberg Investor Relations Officer +45 6178 4884 brgr@pandora.net
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=583987