Pandora A/S
COURSE OF ANNUAL GENERAL MEETING

DGAP-News: Pandora A/S

2015-03-18 / 12:44

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At the Annual General Meeting held today in PANDORA A/S (the 'Company'), the
Annual Report for the period from 1 January 2014 - 31 December 2014 was
adopted. In addition, the Annual General Meeting decided: 

to adopt the actual remuneration for 2014 and remuneration level for 2015 to
the Board of Directors; 

to pay DKK 9.0 per share or in total DKK 1,088 million in dividend to the
shareholders and transfer the remaining part of the profit to the Company's
free reserves; 

to discharge the Board of Directors and the Executive Management from liability;

to reduce the Company's share capital by a nominal amount of DKK 5,818,651 by
cancellation of nominally DKK 5,818,651 treasury shares of DKK 1, to the effect
that the Company's share capital hereafter is nominal DKK 122,297,169 and to
amend the Articles of Association after expiry of the notice period in section
§ 192 of the Danish Companies Act; 

to authorise the Board of Directors to, in the period until 17 March 2020,
allow the Company to acquire treasury shares up to an aggregate nominal value
of 10 % of the Company's  share capital, provided that the Company's holding of
treasury shares does not at any time exceed 10 % of the Company's share
capital; 

to amend the Company's Articles of Association in accordance with the Board of
Directors' proposals; 

to authorise the chairman of the Annual General Meeting to make such amendments
and additions to the resolutions passed by the Annual General Meeting and to
the application for registration with the Danish Business Authority as the
Authority may require for registration; 

to re-elect Peder Tuborgh, Christian Frigast, Andrea Dawn Alvey, Ronica Wang,
Anders Boyer-Søgaard, Bjørn Gulden, Per Bank and Michael Hauge Sørensen as
members of the Company's Board of Directors and to elect Allan Leighton as new
member of the Company's Board of Directors; and 

to re-elect Ernst & Young P/S as the Company's auditor.

After the Annual General Meeting was held, the Board of Directors constituted
itself by electing Peder Tuborgh as Chairman as well as Christian Frigast as
1st Deputy Chairman and Allan Leighton as 2nd Deputy Chairman of the Board of
Directors. 



PANDORA A/S



Peder Tuborgh

Chairman



ABOUT PANDORA
PANDORA designs, manufactures and markets hand-finished and modern jewellery
made from genuine metals at affordable prices. PANDORA jewellery is sold in
more than 90 countries on six continents through approximately 9,900 points of
sale, including more than 1,400 concept stores. 

Founded in 1982 and headquartered in Copenhagen, Denmark, PANDORA employs more
than 11,400 people worldwide of whom approximately 7,900 are located in
Gemopolis, Thailand, where the company manufactures its jewellery. PANDORA is
publicly listed on the NASDAQ Copenhagen stock exchange in Denmark. In 2014,
PANDORA's total revenue was DKK 11.9 billion (approximately EUR 1.6 billion).
For more information, please visit www.pandoragroup.com. 

CONTACT

For more information, please contact:  MEDIA RELATIONS      
INVESTOR RELATIONS                     Jakob Risom Langelund
Morten Eismark                         Press Officer        
VP Group Investor Relations            Phone +45 3673 0634  
Phone +45 3673 8213                    Mobile +45 6165 6540 
Mobile +45 3045 6719                                        
Magnus Thorstholm Jensen                                    
Investor Relations Officer                                  
Phone +45 4323 1739                                         
Mobile +45 3050 4402
News Source: NASDAQ OMX



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2015-03-18 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English       
Company:     Pandora A/S   
 
 
             Denmark       
ISIN:        DK0060252690  
 
 
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