BlackRock's Voting Rights in Pandora A/S Decrease to 8.34%
ByAinvest
Tuesday, Aug 19, 2025 5:32 am ET1min read
BLK--
Pandora A/S, the world's largest jewelry brand, has seen significant developments in its shareholding and corporate governance. BlackRock, Inc. has increased its stake in the company, now holding 6,257,324 shares, corresponding to 7.92% of the total voting rights and share capital. Additionally, BlackRock, Inc. controls voting rights attached to financial instruments amounting to 0.42%, bringing its total control to 8.34% of the company's voting rights [1].
The company has also been actively engaged in a share buyback program, announced on February 5, 2025 [2]. This program is executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) [3]. The share buyback program aims to reduce the number of outstanding shares, which can potentially boost the company's earnings per share (EPS) and stock price.
Furthermore, Pandora A/S has been focusing on its Phoenix strategy, aiming to position itself as a full jewelry brand and deliver consistent financial results. In the first quarter of 2025, the company achieved 7% organic growth, with 6% like-for-like (LFL) growth and 4% network expansion [4].
In terms of corporate governance, Pandora has announced changes to its Board of Directors. An Extraordinary General Meeting is scheduled for August 14, 2025, to nominate Lars Sandahl Sørensen as a new board member, replacing Christian Frigast who will not stand for re-election at the Annual General Meeting in 2026 [5].
Pandora's focus on sustainability is evident in its use of recycled silver and gold in jewelry production. The company generated revenue of DKK 31.7 billion (EUR 4.2 billion) in 2024, underscoring its financial strength and market position.
References:
[1] https://pandoragroup.com/investor/news-and-reports/company-announcements
[2] https://pandoragroup.com/investor/news-and-reports/company-announcements
[3] https://pandoragroup.com/investor/news-and-reports/company-announcements
[4] https://pandoragroup.com/investor/news-and-reports/company-announcements
[5] https://pandoragroup.com/investor/news-and-reports/company-announcements
BlackRock, Inc. now holds 6,257,324 shares of Pandora A/S, corresponding to 7.92% of the total voting rights and share capital. Additionally, BlackRock, Inc. controls voting rights attached to financial instruments amounting to 0.42%. In total, BlackRock, Inc. controls 8.34% of the company's voting rights. Pandora is the world's largest jewelry brand, specializing in accessible luxury jewelry made from high-quality materials. Headquartered in Copenhagen, Denmark, Pandora employs 37,000 people worldwide and crafts its jewelry using only recycled silver and gold. The company generated revenue of DKK 31.7 billion (EUR 4.2 billion) in 2024.
July 02, 2025Pandora A/S, the world's largest jewelry brand, has seen significant developments in its shareholding and corporate governance. BlackRock, Inc. has increased its stake in the company, now holding 6,257,324 shares, corresponding to 7.92% of the total voting rights and share capital. Additionally, BlackRock, Inc. controls voting rights attached to financial instruments amounting to 0.42%, bringing its total control to 8.34% of the company's voting rights [1].
The company has also been actively engaged in a share buyback program, announced on February 5, 2025 [2]. This program is executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) [3]. The share buyback program aims to reduce the number of outstanding shares, which can potentially boost the company's earnings per share (EPS) and stock price.
Furthermore, Pandora A/S has been focusing on its Phoenix strategy, aiming to position itself as a full jewelry brand and deliver consistent financial results. In the first quarter of 2025, the company achieved 7% organic growth, with 6% like-for-like (LFL) growth and 4% network expansion [4].
In terms of corporate governance, Pandora has announced changes to its Board of Directors. An Extraordinary General Meeting is scheduled for August 14, 2025, to nominate Lars Sandahl Sørensen as a new board member, replacing Christian Frigast who will not stand for re-election at the Annual General Meeting in 2026 [5].
Pandora's focus on sustainability is evident in its use of recycled silver and gold in jewelry production. The company generated revenue of DKK 31.7 billion (EUR 4.2 billion) in 2024, underscoring its financial strength and market position.
References:
[1] https://pandoragroup.com/investor/news-and-reports/company-announcements
[2] https://pandoragroup.com/investor/news-and-reports/company-announcements
[3] https://pandoragroup.com/investor/news-and-reports/company-announcements
[4] https://pandoragroup.com/investor/news-and-reports/company-announcements
[5] https://pandoragroup.com/investor/news-and-reports/company-announcements
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