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SHAREHOLDER INFORMATION • 59
the Board of Directors will propose that the Company’s share
capital be reduced by a nominal amount of DKK 4,549,430
by cancellation of 4,549,430 own shares of DKK 1, equal to
3.9 % of the Company’s total share capital. The remaining
treasury shares may be used to meet obligations arising from
employee share option programmes. Total share options
outstanding on 31 December 2016 were 581,252.
The Board of Directors of PANDORA has decided to
launch a new share buyback programme in 2017, under which
PANDORA expects to buy back own shares to a maximum
consideration of DKK 1.8 billion. The shares acquired within the
programme will be used to reduce PANDORA’s share capital
and to meet obligations arising from employee share option
programmes. The programme will run in the period from 7
Februrary 2017 to no later than 6 February 2018.
SHAREHOLDERS
As of 31 December 2016, BlackRock, Inc. holds more than
5% of the share capital and the voting rights in PANDORA.
As of 31 December 2016, PANDORA A/S owned a total
of 5,130,682 treasury shares of nominally DKK 1 (in total
nominally DKK 5,130,682), corresponding to 4.4% of the
total shares outstanding.
As of 31 December 2016, institutional investors in
Denmark held 13% of the share capital, institutional
investors in Europe held 43% of the share capital of which
24% was held by UK investors, and institutional investors in
North America held 19%. As of 31 December 2016, 7% of
the PANDORA shares were held by Danish retail investors.
As of 31 December 2016, PANDORA’s Board of
Directors and Executive Management held a total of 78,523
and 18,647 PANDORA shares respectively, corresponding to
0.1% of the total share capital.
INVESTOR RELATIONS
The Executive Management is responsible for the presence
of an Investor Relations (IR) function, which is responsible
for PANDORA’s compliance with the Company’s Investor
Relations Policy. IR is organised as a separate unit and
reports directly to the Chief Financial Officer.
The purpose of PANDORA’s IR activities is to ensure that
relevant, accurate and timely information is made available
to the stock market to serve as a basis for regular trading
and a fair pricing of the share.
PANDORA will ensure that the Company is perceived as
visible, accessible, reliable and professional by the financial
markets and that PANDORA is regarded among the best
relative to peers. This will be achieved by complying with
the rules and legislation for listed companies on Nasdaq
OMX and PANDORA’s internal policies.
PANDORA will endeavour to maintain a high and
uniform level of information from the Company and ensure
that information is channelled back from the stock market
to the Executive Management and the Board of Directors.
Furthermore, PANDORA will continuously ensure
awareness of, and confidence in, the Company’s vision,
strategy, policies and decisions in the capital market.
Contact
Magnus Thorstholm Jensen
Vice President, Head of Investor Relations
Phone: +45 7219 5739
Email:
Brian Granberg
Investor Relations Officer
Phone: +45 7219 5344
Email:
FINANCIAL CALENDAR 2017
15 March 2017 Annual General Meeting
20 March 2017 Payment of annual dividend
9 May 2017 Interim Report Q1 2017
16 May 2017 Ex dividend date
18 May 2017 Payment date
8 August 2017 Interim Report Q2/H1 2017
15 August 2017 Ex dividend date
17 August 2017 Payment date
7 November 2017 Interim Report Q3/9M 2017
14 November 2017 Ex dividend date
16 November 2017 Payment date
SHARE INFORMATION
Exchange: Nasdaq Copenhagen
Trading symbol: PNDORA
Identification number/ISIN: DK0060252690
Number of shares: 117,056,821 of 1 DKK
each with one vote
Share classes: 1
GICS: 25203010
Sector: Apparel, Accessories &
Luxury Goods
Segment: Large