Transactions in connection with share buyback programme
On 8 February 2023, Pandora announced a new share buyback programme, cf. Company announcement no. 769. 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 Pandora’s share capital and to meet obligations arising from company incentive programmes.
Under the programme Pandora will repurchase shares for an aggregate maximum amount of DKK 2.4 billion with an intention to go up to a total of DKK 5.0 billion during the next 12 months, depending on how the macroeconomic climate develops throughout the year.
The programme commenced on 8 February 2023, cf. Company Announcement no. 769, and will conclude no later than 2 February 2024.
The following transactions have been made under the programme:
| Number of shares | Average purchase price, DKK | Transaction value, DKK | |
| Accumulated under the programme | 570,000 | 367,614,126 | |
| 27 February 2023 | 35,000 | 657.21 | 23,002,350 |
| 28 February 2023 | 35,000 | 661.15 | 23,140,250 |
| 01 March 2023 | 35,000 | 668.59 | 23,400,657 |
| 02 March 2023 | 35,000 | 654.43 | 22,904,924 |
| 03 March 2023 | 35,000 | 661.67 | 23,158,363 |
| Accumulated under the programme | 745,000 | 483,220,670 |
With the transactions stated above, Pandora owns a total of 7,057,977 treasury shares, corresponding to 7.4% 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 is the world’s largest jewellery brand. The company designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices Pandora jewellery is sold in more than 100 countries through more than 6,500 points of sale, including more than 2,500 concept stores.
Headquartered in Copenhagen, Denmark, Pandora employs 32,000 people worldwide and crafts its jewellery at two LEED-certified facilities in Thailand using mainly recycled silver and gold. Pandora is committed to leadership in sustainability and has set science-based targets to reduce greenhouse gas emissions by 50% across its own operations and value chain by 2030. The company is listed on the Nasdaq Copenhagen stock exchange and generated revenue of DKK 26.5 billion (EUR 3.6 billion) in 2022.
Contact
For more information, please contact:
| INVESTOR RELATIONS Bilal Aziz VP, Investor Relations & Treasury +45 3137 9486 biazi@pandora.net | CORPORATE COMMUNICATIONS Johan Melchior VP, Media Relations & Public Affairs +45 4060 1415 jome@pandora.net |
Kristoffer Malmgren Director, Investor Relations +45 3050 1174 kram@pandora.net | |
Attachments
- Pandora_Company Announcement_No_775
- Appendix_Company_Announcement_No_775
- Appendix_Company_Announcement_No_775
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Medium-term Fiscal Strategy Plan 2024-2028: to counter inflation, safeguard living standards and support growth29.3.2023 20:11:00 CEST | Press release
The government's fiscal strategy plan for the next five years lays out its strategy to utilise fiscal policy in a targeted manner to counter inflation and overheating by increasing expenditure restraint and revenue generation and postponing public investments. At the same time, important basic services that the government has significantly reinforced in recent years are maintained, based on the strong position of the Treasury. Financial support will be provided for those groups least able to withstand the impact of rising inflation, as was done with the government's support actions during the pandemic and the previous year. The Treasury’s fiscal position has improved significantly in recent quarters , and the fiscal outlook for this year appears likely to be better than implied by the most optimistic scenarios of previous projections. Eighteen months ago, the objective was set in the government’s Fiscal policy statement to halt the increase in debt to GDP ratio no later than by year-en
Intervest Offices & Warehouses NV: announces the departure in mutual agreement of Gunther Gielen as CEO29.3.2023 20:05:18 CEST | Press release
The mandate of Gunther Gielen as CEO with Intervest Offices & Warehouses NV ends in mutual agreement and with immediate effect. Attachment PR_GG_ENG
Nokia Corporation: Repurchase of own shares on 29.03.202329.3.2023 20:00:00 CEST | Press release
Nokia Corporation Stock Exchange Release 29 March 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 29.03.2023 Espoo, Finland – On 29 March 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL231,0134.39CEUX38,2144.38AQEU9,7344.37TQEX21,5394.39Total300,5004.39 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 5 April 2022 started on 2 January 2023 a
Zealand Pharma's Annual General Meeting 202329.3.2023 20:00:00 CEST | Press release
Company announcement – No. 9 / 2023 Zealand Pharma's Annual General Meeting 2023 Copenhagen, March 29, 2023 - Today, Zealand Pharma A/S ("Zealand") (NASDAQ: ZEAL) (CVR no. 20 04 50 78), held its Annual General Meeting of 2023 as a partly electronic general meeting. At the meeting, all proposals presented to the General Meeting were adopted. The General Meeting acknowledged the management's report on Zealand's activities in the past financial year and Zealand's audited Annual Report for 2022 was approved. The meeting also approved that the financial result for 2022, which was a loss of TDKK 1,202,135, was carried forward to the next financial year. All the incumbent board members were re-elected as recommended by the Nomination Committee. Hence, Zealand's Board of Directors consists of the following members: Alf Gunnar Martin Nicklasson Kirsten Aarup Drejer Alain MunozJeffrey Berkowitz Michael John Owen Leonard KruimerBernadette Mary Connaughton After the Annual General Meeting, the Boa
Restricted Share Unit Programs29.3.2023 19:58:36 CEST | Press release
Company announcement for ROCKWOOL A/S Release no. 06 - 2023 to Nasdaq Copenhagen 29 March 2023 Restricted Share Unit Programs The ROCKWOOL A/S Board of Directors has today, in accordance with the remuneration policy adopted at the Annual General Meeting 2020, decided to allocate Restricted Share Units, including phantom units, (“RSUs”) to a group of up to 85 key employees in leading positions, including Group Management (the “Participants”). The scheme is designed to align the interest of the Participants to those of our shareholders, and to give the Participants an incentive to make a long-term commitment as well as to promote value creation within the group. The Board of Directors has granted the Participants a total of 12,900 RSUs and, subject to vesting, each RSU entitles the holder to receive one ROCKWOOL B-share or, in case of phantom units, a cash based settlement to the corresponding share value at the time of transfer. The fair value of each RSU is DKK 1,618.63 being the 15 da