The Transition Award has been established for the purpose of granting share awards to employees of Adevinta ASA and its subsidiaries. The purpose of the Plan was to align the interests of senior employees of the Group with those of the Company’s shareholders in connection with the demerger process from Schibsted ASA. A further description is available in Adevinta’s Annual Report 2021.
After the transactions, Adevinta holds 1,575,612 own shares.
Due to Adevinta ASA being in a “red period” ahead of its financial reporting for the first quarter of 2021, the transfer of shares to primary insiders has been postponed until after the release of the first quarter report.