October 23, 2017


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:

of shares
Average purchase
price, DKK
Transaction value,
Total, latest announcement  2,267,886     1,544,718,950 
16 October 2017  20,000   586.07  11,721,400 
17 October 2017  25,000   575.50  14,387,500 
18 October 2017  15,000   572.49  8,587,350 
19 October 2017  10,000   587.74  5,877,400 
20 October 2017  10,000   584.87  5,848,700 
Total accumulated over week 42  80,000     46,422,350 
Total accumulated during the share buyback programme  2,347,886     1,591,141,300 

With the transactions stated above, PANDORA owns a total of 2,672,926 treasury shares, corresponding to 2.38% 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.

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).

For more information, please contact: 

INVESTOR RELATIONS                            
Magnus Thorstholm Jensen
Vice President, Head of Investor Relations

+45 7219 5739
Martin Kjærsgaard Nielsen
Global Head of Media Relations

+45 50 77 52 71

Brian Granberg
Investor Relations Officer

+45 7219 5344


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PDF Download pdf 648.3 KB
Spreadsheet Download xlsx 65.1 KB

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