Oslo, 4 October 2022: Adevinta is, during the coming days, transferring a net amount of 203,927 own shares to employees in connection with its Legacy Equity Plan. 210,807 own shares were sold through a broker in the open market at an average price of NOK 64.83233 on September 30th, 2022 to cover the participant’s tax liabilities in relation to the incentive program.
The share transfer is a settlement of the Legacy Equity Award program of Adevinta ASA created upon the acquisition of eBay Classifieds Group, to convert its employee’s unvested equity under eCG into Adevinta ASA shares.
There were no primary insiders involved in this release.
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Marie de Scobiac
Head of Investor Relations
Investor Relations Manager
+33 6 74 19 22 81
Adevinta is a leading online classifieds specialist, operating digital marketplaces in 13 countries. The company provides technology-based services to connect buyers with sellers and to facilitate transactions, from real estate to motors, and consumer goods.
Adevinta’s portfolio spans more than 30 digital brands, covering one billion people and attracting approximately three billion average monthly visits. Leading brands include top-ranked leboncoin in France, Germany's leading classifieds sites mobile.de and eBay Kleinanzeigen, Marktplaats in the Netherlands, fotocasa and InfoJobs in Spain, Subito in Italy, and 50% of fast-growing OLX Brasil. Adevinta employs around 8,100 people, including 3,000 (approx) working in product and technology teams, committed to supporting users and customers daily. Find out more at Adevinta.com.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act