PNDORA Pandora A/S

Major Shareholder Announcement

Major Shareholder Announcement

In accordance with section 30 of the Capital Markets Act, Pandora A/S hereby announces that Société Générale S.A. has notified the Company that Société Générale S.A. through direct and indirect holdings controls the voting rights to 5,131,423 shares in the Company, corresponding to 5.13% of the entire share capital and voting rights. Direct holdings amounts to 0.1% of share capital, while the remaining 5.03% is from indirect holdings through financial instruments.

ABOUT PANDORA

Pandora designs, manufactures and markets hand-finished jewellery made from high-quality materials at affordable prices. Pandora jewellery is sold in more than 100 countries through 7,400 points of sale, including more than 2,700 concept stores.

Headquartered in Copenhagen, Denmark, Pandora employs 28,000 people worldwide and crafts its jewellery at two LEED certified facilities in Thailand using mainly recycled silver and gold. The company plans to be carbon neutral by 2025 and has joined the Science Based Targets initiative to reduce emissions across its full value chain. Pandora is listed on the Nasdaq Copenhagen stock exchange and generated sales of DKK 21.9 billion (EUR 2.9 billion) in 2019.

CONTACT

For more information, please contact:

INVESTOR RELATIONS

Michael Bjergby

VP, Investor Relations, Tax & Treasury



CORPORATE COMMUNICATIONS

Johan Melchior

Director External Relations



   
Christian Møller

Investor Relations Officer



 

Attachment

EN
29/06/2020

Underlying

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Reports on Pandora A/S

Jesper Ingildsen
  • Jesper Ingildsen

Pandora (Buy, TP: DKK1400.00) - Beyond charming

Following a closer look, we continue to believe Pandora is positioned for strong growth. Short-term, we expect easier comparables and a market recovery; longer-term, its strategy to become known as a full jewellery company, rather than just its charms, should drive sustainably higher growth (the ‘new Pandora’). We reiterate our BUY and have raised our target price to DKK1,400 (1,150).

Jesper Ingildsen
  • Jesper Ingildsen

Pandora (Buy, TP: DKK1150.00) - Momentum remains strong

Having already pre-released headline numbers in early January and with 2024 guidance largely in line with our expectations, the detailed Q4 results were rather uneventful. However, the current trading comments suggest momentum remains strong and that the 2024 guidance could prove to be conservative, which typically has been the case. We reiterate our BUY and have raised our target price to DKK1,150 (1,115).

Pandora A/S: Update following rating affirmation

Our credit view of Pandora reflects its good geographical and channel mixes, in-house production and high margins, offset by its exposure to a fragmented industry with intense competition.

Moody's affirms Pandora's Baa2 ratings; outlook stable

Moody's Investors Service (Moody's) has today affirmed the Baa2 long term issuer ratings of Pandora A/S (Pandora or the company), the Danish-based jewellery retailer, the Baa2 rating of its €500 million senior unsecured notes due 2028 and the (P)Baa2 ratings of its senior unsecured MTN program. The ...

Pandora AS: 3 directors

A director at Pandora AS sold 4,000 shares at 881.480DKK and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...

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