Pandora A/S (CPSE:PNDORA) announces a share repurchase program. Under the program, the company will repurchase up to DKK 500 million worth of its shares, representing 10% of its nominal share capital. The purchase price paid in connection with acquisition of treasury shares must not diverge from the price quoted on Nasdaq Copenhagen at the time of acquisition by more than 10%.

The purpose of the program is to reduce the company´s share capital and to meet obligations arising from company incentive programs. The plan will expire on October 29, 2021.