At Adevinta, we believe everything and everyone has a purpose in life. Our selection of digital brands unlock the full value in every person, place and thing by creating perfect matches on the world’s most trusted marketplaces.
With trusted brands that enjoy leading market positions, Adevinta operates a resilient business model at the centre of the second-hand economy at the time when consumers are seeking more sustainable and cost-efficient ways to buying products.
Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably.
At Adevinta we'll stay ahead of the curve by using innovation, curiosity and technology to develop products that help everyone and everything find new purpose.
We're all about matchmaking, and we take the same approach to hiring. But it's not just about finding the right skills for the job. It's also about making sure the role and the culture are the right match too.
We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment.
We invest in companies with tangible traction, a potential to scale beyond their domestic market, and who we can support with more than just financial resource.
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Adevinta ASA – Last day of trading in subscription rights
Oslo, 8 November 2019
Reference is made to the previous stock exchange announcement on 29 October 2019 and the ongoing rights issue in Adevinta ASA (the "Company").
The period for trading in subscription rights (ticker code "ADE T") in the rights issue expires today, 8 November 2019, at 16:30 hours (CET).
The subscription period for the rights issue will expire 12 November 2019, at 16:30 hours (CET).
Subscription rights that are not used to subscribe for new shares in the rights issue before the expiry of the subscription period (at 16:30 hours (CET) on 12 November 2019) or sold before 16:30 hours (CET) today, 8 November 2019, will automatically lapse.
Please note that shares that have not been subscribed for during the subscription period, will be subscribed by the underwriter, SEB, who will sell these shares in the market and distribute the net proceeds to holders of subscription rights at the end of the subscription period on a pro-rata basis. Distribution to any such holder of subscription rights is contingent on the amount exceeding NOK 50.
For more information, please refer to the subscription document for the rights issue dated 29 October 2019.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Adevinta ASA is the biggest marketplace specialist in Europe. We help our local digital marketplaces thrive through global connections and networks of knowledge. Our marketplaces unlock the full value in every person, place and thing – helping local communities prosper and leaving a positive footprint on the world.
For more information on Adevinta ASA please visit:
For further information, please contact:
Jo Christian Steigedal
IMPORTANT NOTICE TO U.S. SHAREHOLDERS
The share collapse and rights issue described in this document involve securities of a foreign company. The share collapse and rights issue are subject to disclosure requirements of a foreign country that are different from those of the United States.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the Company is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
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