On the ordinary general meeting held today in PANDORA A/S (the "Company") the annual report for the period from 1 January 2010 - 31 December 2010 was adopted. Beside this, the annual general meeting decided:
toadopt the actual remuneration for 2010 and for the present year for the Board of Directors;
topay DKK 5 per share or in total 650,000,000 in dividend to the shareholders and transfer the remaining part of the profit, DKK 1,221,000,000 to the Company's free reserves;
todischarge the Board of Directors and the Executive Management from liability;
toadopt the Company's remuneration policy for the Board of Directors and the Executive Management;
toapprove the changes to the Company's existing incentive payment guidelines;
tore-elect Allan Leslie Leighton, Torben Ballegaard Sørensen, Andrea Alvey, Marcello V. Bottoli, Sten Daugaard, Christian Frigast, Erik Danquard Jensen and Nikolaj Vejlsgaard to the Company's Board of Directors; and
tore-elect Ernst & Young P/S as the Company's auditor
PANDORA A/S
Allan Leslie Leighton
Chairman
About PANDORA
PANDORA designs, manufactures and markets hand-finished and modern jewellery made from genuine materials and at affordable prices. The PANDORA jewellery is sold in more than 55 countries on six continents through over 10,000 points of sale, including more than 420 PANDORA branded concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs over 5,000 people worldwide of whom more than 3,600 are located in Gemopolis, Thailand, where the company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ OMX Copenhagen stock exchange in Denmark. In 2010, PANDORA’s total revenue was DKK 6.7 billion (approximately EUR 895 million). For more information, please visit www.pandoragroup.com
CONTACT
For further queries, please contact:
Morten Eismark, Head of Investor Relations
Phone +45 3673 8213
Mobile +45 3045 6719