On 7 February 2017, PANDORA initiated a share buy-back programme, cf. Company
announcement no. 350. 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 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 1,800 million in the period from 7 February 2017 to 6 February 2018.
The following transactions have been made under the programme:
Number Average Transaction of shares purchase value, price, DKK DKK -------------------------------------------------------------------------------- Total, latest announcement 1,806,886 1,258,660,380 -------------------------------------------------------------------------------- 18 September 2017 25,000 636.04 15,901,000 -------------------------------------------------------------------------------- 19 September 2017 29,000 620.43 17,992,470 -------------------------------------------------------------------------------- 20 September 2017 23,000 632.32 14,543,360 -------------------------------------------------------------------------------- 21 September 2017 26,000 625.39 16,260,140 -------------------------------------------------------------------------------- 22 September 2017 20,000 634.12 12,682,400 -------------------------------------------------------------------------------- Total accumulated over week 38 123,000 77,379,370 -------------------------------------------------------------------------------- Total accumulated during the share 1,929,886 1,336,039,750 buyback programme --------------------------------------------------------------------------------
With the transactions stated above, PANDORA owns a total of 2,254,926 treasury shares, corresponding to 2.00% 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 around 7,700 points of sale, including more than 2,200 concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 22,300 people worldwide of whom around 13,200 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2016, PANDORA's total revenue was DKK 20.3 billion (approximately EUR 2.7 billion).
CONTACT For more information, please contact:
INVESTOR RELATIONS MEDIA RELATIONS Magnus Thorstholm Jensen Martin Kjærsgaard Nielsen Vice President, Head of Investor Relations Global Head of Media Relations +45 7219 5739 +45 50 77 52 71 mtje@pandora.net mnie@pandora.net Brian Granberg Investor Relations Officer +45 7219 5344 brgr@pandora.net
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=646317
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 1,800 million in the period from 7 February 2017 to 6 February 2018.
The following transactions have been made under the programme:
Number Average Transaction of shares purchase value, price, DKK DKK -------------------------------------------------------------------------------- Total, latest announcement 1,806,886 1,258,660,380 -------------------------------------------------------------------------------- 18 September 2017 25,000 636.04 15,901,000 -------------------------------------------------------------------------------- 19 September 2017 29,000 620.43 17,992,470 -------------------------------------------------------------------------------- 20 September 2017 23,000 632.32 14,543,360 -------------------------------------------------------------------------------- 21 September 2017 26,000 625.39 16,260,140 -------------------------------------------------------------------------------- 22 September 2017 20,000 634.12 12,682,400 -------------------------------------------------------------------------------- Total accumulated over week 38 123,000 77,379,370 -------------------------------------------------------------------------------- Total accumulated during the share 1,929,886 1,336,039,750 buyback programme --------------------------------------------------------------------------------
With the transactions stated above, PANDORA owns a total of 2,254,926 treasury shares, corresponding to 2.00% 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 around 7,700 points of sale, including more than 2,200 concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than 22,300 people worldwide of whom around 13,200 are located in Thailand, where the Company manufactures its jewellery. PANDORA is publicly listed on the Nasdaq Copenhagen stock exchange in Denmark. In 2016, PANDORA's total revenue was DKK 20.3 billion (approximately EUR 2.7 billion).
CONTACT For more information, please contact:
INVESTOR RELATIONS MEDIA RELATIONS Magnus Thorstholm Jensen Martin Kjærsgaard Nielsen Vice President, Head of Investor Relations Global Head of Media Relations +45 7219 5739 +45 50 77 52 71 mtje@pandora.net mnie@pandora.net Brian Granberg Investor Relations Officer +45 7219 5344 brgr@pandora.net
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=646317