Transactions in connection with share buyback programme

Transactions in connection with share buyback programme

On 14 September 2021, Pandora announced an increased share buyback programme, cf. Company announcement no. 650. 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 3.5 billion. The programme commenced on 18 August 2021, cf. Company Announcement no. 644, and will conclude no later than 4 February 2022.

The following transactions have been made under the programme:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, latest announcement	1,912,699		1,609,920,997
15 November 2021	29,889	936.77	27,999,138
16 November 2021	29,655	944.16	27,999,191
17 November 2021	29,896	936.56	27,999,299
18 November 2021	30,123	929.51	27,999,605
19 November 2021	30,482	919.20	28,018,977
Accumulated under the programme	2,062,744		1,749,937,208

With the transactions stated above, Pandora owns a total of 2,991,129 treasury shares, corresponding to 2.99% of the Company’s share capital.

By the announcement of this company announcement, No. 668, the tranche managed by Kepler Cheuvreux is complete. The new tranche starting today will be managed by Nordea.

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.

Attachments

• Pandora_Company Announcement_No_668

• Appendix_Company_Announcement_No_668

• Appendix_Company_Announcement_No_668