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, 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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