Pandora repurchases 3.4 million shares as part of ongoing buyback program

Pandora has been executing a share buyback program since February 2024, aiming to reduce its share capital and fulfill incentive obligations. The program has a maximum budget of DKK 4.0 billion and runs until January 31, 2025. As of January 17, 2025, Pandora has repurchased 3,450,772 shares for a total value of DKK 3.8 billion. This represents 4.1% of the company's share capital. The third tranche of DKK 1.4 billion is currently underway. BNP has been appointed as the lead manager for the ongoing buyback. Detailed transaction information is available in the company's announcement.