At PANDORA's Annual General Meeting on 16 March 2016, it was decided to reduce the Company's share capital with a nominal amount of DKK 5,240,348 by cancellation of 5,240,348 treasury shares of DKK 1.
The share capital decrease has been announced in the Danish Business Authority's it-system on 17 March 2016 and the 4-week notification period has expired with no objections.
Pursuant to section 193(1) of the Danish Companies Act, the Board of Directors has therefore resolved to register the share capital reduction as finalised with the Danish Business Authority, which has been made today. After reduction of the share capital, the Company's share capital is nominally DKK 117,056,821, divided into shares of DKK 1 or any multiple thereof.
ABOUT PANDORA
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 approximately9,300points of sale, including around1,800concept stores.
Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more than16,700people worldwide of whom approximately11,000are located in Gemopolis, Thailand, where the company manufactures its jewellery. PANDORA is publicly listed on the NASDAQ Copenhagen stock exchange in Denmark. In 2015, PANDORA's total revenue was DKK16.7billion (approximately EUR2.2billion).
CONTACT
For more information, please contact:
Morten Raunholt Eismark
VP Group Investor Relations
Phone +45 3673 8213
Mobile +45 3045 6719