Mandatory notification of trade – Transition Award Vest and Release

Adevinta ASA (ADE) , Published 14/04/2021 06:00:00

Oslo, 14 April 2021: Adevinta ASA will during the coming days transfer a net amount of 103,502 own shares to employees in connection with the share based Incentive Plans, specifically the Transition Award related to the demerger from Schibsted ASA in 2019. In addition, 73,113 of its own shares were sold through a broker in the open market at an average price of NOK 129,27676  on the 12th and 13th of April 2021 to cover the participant’s tax liabilities in relation to the Incentive Programme.

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.

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Adevinta Investor Relations
Marie de Scorbiac
Head of Investor Relations
ir@adevinta.com

About Adevinta

Adevinta is a global online classifieds specialist, operating digital marketplaces in 11 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 more than 30 digital products and websites, attracting 1.3 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 is majority owned by Schibsted ASA and employs 4,700 people committed to supporting users and customers daily. Find out more at Adevinta.com.

This is information that Adevinta ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. The information was submitted for publication, through Newsweb and Globe Newswire by the contact person set out above.

This is information that Adevinta ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. The information was submitted for publication, through Newsweb and Globe Newswire by the contact person set out above.