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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Oslo, 30 October 2020 - With reference to the mandatory notification of trade published on 3 August, 2020, and following the expiration of the legally required period for creditor notification and the EGM in Adevinta, primary insider in Adevinta ASA, Blommenholm Industrier AS, will today transfer 4,320,781 shares in Adevinta ASA to Beltenut AS. After these transfers, Blommenholm Industrier AS will own 38,992,516 shares in Adevinta ASA.
Following the transfers, Blommenholm Industrier AS will hold 5.69% of shares outstanding and voting rights in Adevinta ASA.
The transfers are part of an agreement between the Tinius Trust and Blommenholm Industrier AS and Beltenut AS/Jan Nagell-Erichsen to redeem non-voting B-shares in Blommenholm Industrier AS held by Beltenut AS, as previously reported.
This operation does not impact the voting structure of Blommenholm Industrier AS where the Tinus Trust controls all the votes and it does not lead to any change in the Tinius Trust’s ownership strategy for Schibsted or Adevinta.
The Tinius Trust and Blommenholm Industrier AS are represented on the Board of Adevinta ASA by Terje Seljeseth and on the board of Schibsted ASA by Ole Jacob Sunde and Karl-Christian Agerup.
For more information on the Tinius Trust and the redemption of shares, please visit www.tinius.com.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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