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Adevinta — Remuneration Information 2021
Apr 14, 2021
3520_rns_2021-04-14_2c54c708-08f6-4748-a4dd-c73c2db2b200.html
Remuneration Information
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Adevinta ASA (ADE) - Mandatory notification of trade - Transition Award Vest and Release
Adevinta ASA (ADE) - Mandatory notification of trade - Transition Award Vest and Release
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. (https://www.adevinta.com/ir/)
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.
- End -
Adevinta Investor Relations
Marie de Scorbiac
Head of Investor Relations
[email protected] (mailto:[email protected])
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 (https://www.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.