Oslo, 7 August 2020 – Employees of Adevinta ASA have on 6 August 2020 purchased 19,322 Adevinta shares through a broker on the Oslo Stock Exchange as part of Adevinta’s employee share purchase plan at an average share price of NOK 163.8772 per share. The shares will be transferred to the participants in the coming days. The transactions are related to the second enrolment window in the Adevinta Share Purchase Plan for 2020 which closed in March 2020, and based on savingws made during April, May and June 2020.
Shares purchased by employees who are primary insiders are disclosed in an attachment to this release.
The purpose of Adevinta’s employee share purchase plan is to motivate and retain employees as well as to increase the interest in Adevinta’s result and performance through owning Adevinta shares. After two years of ownership, the company will allocate two bonus shares for every share bought during the first two quarterly enrolments in 2019. Thereafter, one bonus share for every share bought in connection with this offer.
For more information on the employee share saving plan please refer to the disclosure published 17 June 2019.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Adevinta is a global online classifieds specialist, operating digital marketplaces in 15 countries. The company provides technology-based services to connect buyers with sellers and to facilitate transactions, from job offers to real estate, cars, consumer goods and more. Adevinta’s portfolio spans 35 digital products and websites, attracting 1.5 billion average monthly visits. Leading brands include top-ranked leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX Brazil. Adevinta spun off from Schibsted ASA and publicly listed in Oslo, Norway in 2019. Adevinta employs 4,700 people committed to supporting users and customers daily. Find out more at Adevinta.com.
For more information on Adevinta ASA please visit:
Marie de Scorbiac – Head of Investor Relations