Pandora has commenced a DKK4.0bn (£459m) share buyback programme to scale back its share capital and to fulfill obligations arising from firm incentive programmes.
Beneath the programme, Pandora will repurchase shares till 31 January 2025 on the newest.
The jewelry retailer has already appointed BNP Paribas as a sole lead supervisor for the primary tranche of as much as DKK 1.3bn (£149m) commenced on 8 February 2024.
Beneath the present authorisation to amass treasury shares, Pandora can purchase as much as 10% of the present nominal share capital.
The shares shall be bought on Nasdaq Copenhagen (XCSE) and Multilateral Buying and selling Amenities, together with Cboe DXE (CEUX), Turquoise Europe (TQEX) and Aquis (AQEU).
The utmost variety of shares to be purchased per each day market session would be the equal to 25% of the typical each day quantity of shares within the firm on the buying and selling venue on which the acquisition is carried out throughout the previous 20 buying and selling days.