Oslo, 7th August 2023: Adevinta is during the coming days transferring a net amount of 68,218 own shares to employees in connection with its Spot Equity Award plan. 62,015 own shares were sold through a broker in the open market at an average price of NOK 74.83849 on 1st August 2023 to cover the participant’s tax liabilities in relation to the incentive program.
The share transfer is a settlement of the Spot Equity Award program of Adevinta ASA aimed to retain certain key roles.
Adevinta is also, during the coming days, transferring a net amount of 17,075 own shares to employees in connection with its Performance Share Plan - New Joiner Award program. 17,297 own shares were sold through a broker in the open market at an average price of NOK 73.66503 on the 1st August 2023 to cover the participant’s tax liabilities in relation to the incentive program.
The share transfer is a settlement of the Performance Share Plan - New Joiner Award program of Adevinta ASA, created as part of the Performance Share Plan Award, where new employees that are eligible for the main plan receive a percentage of their award without any performance conditions applicable. For more information on this award, please refer to Adevinta 2021 annual report.
Shares transferred to employees who are primary insiders are disclosed in an attachment to this release and the notifications of the transaction are also attached to this press release in accordance with MAR regulation.
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IR contact
Marie de Scobiac
Head of Investor Relations
ir@adevinta.com
Anne-Sophie Jugean
Investor Relations Manager
+33 6 74 19 22 81
ir@adevinta.com
About Adevinta
Adevinta is a leading 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 real estate to motors, and consumer goods.
Adevinta’s portfolio spans more than 25 digital brands, covering one billion people and attracting approximately 2.5 billion average monthly visits. Noted assets include top-ranked leboncoin in France, Germany's leading classifieds sites mobile.de and Kleinanzeigen, Marktplaats in the Netherlands, Fotocasa, Habitaclia and InfoJobs in Spain, Subito in Italy, and 50% of fast-growing OLX Brasil. Adevinta employs around 5,700 people, including some 3,000 working in product and technology teams, committed to supporting users and customers daily.
Adevinta is a sustainability leader within the Dow Jones Sustainability Index (DJSI) Europe.Find out more at Adevinta.com.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Attachments
- Primary Insiders Spot and NJ 04082023
- 070823_Notification of transactions by PDMR_Ajay Bhatia_KRT 1500
