Oslo, 28 May 2020: Adevinta is during the coming days transferring a net amount of 128,876 own shares to employees in connection with share based incentive plans. 102,127 own shares were sold through a broker in the open market at an average price of NOK 99,5904 on 26 and 27 May 2020 to cover the participant’s tax liabilities in relation to the incentive program.
The share transfer is a settlement of the performance element of the Long Term Incentive program of Schibsted ASA, in which the Adevinta employees participated prior to the demerger effective 10 April 2019. A further description is available in Adevinta’s Annual Report 2019.
After the transactions, Adevinta holds 88,997 own shares.
Please find attached overview of the number of shares allocated and transferred to primary insiders as well as their total holding of shares.
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Adevinta Investor Relations
Marie de Scorbiac
Head of Investor Relations
+33 6 14 65 77 40
Adevinta is a global online classifieds company with generalist, real estate, cars, jobs and other internet marketplaces in 16 countries, connecting buyers seeking goods or services with a large base of sellers. Its portfolio spans 36 digital products and websites, attracting 1.5 billion average monthly visits. Leading brands include top-ranked leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX in Brazil.