Oslo, 9 April 2019: Reference is made to the stock exchange announcement published today, on 9 April 2019, announcing the completion of the demerger (the "Demerger") of Schibsted ASA ("Schibsted") and changes in the share capital of Schibsted and Adevinta ASA ("Adevinta").
As a result of completion of the Demerger and the issuance of consideration shares by Adevinta to eligible shareholders of Schibsted, shares in Adevinta have been issued to primary insiders, which shares will constitute the primary insiders' shareholding in Adevinta following the Demerger:
- Orla Noonan (Board Chair) has received 5,000 Consideration Shares in the Demerger, divided into 2,500 A-Shares and 2,500 B-Shares, corresponding to 0.0007% of the issued shares in Adevinta.
- Rolv Erik Ryssdal (Chief Executive Officer) has received 74,251 Consideration Shares in the Demerger, divided into 20,357 A-Shares and 53,894 B-Shares, corresponding to 0.0109% of the issued shares in Adevinta.
- Gianpaolo Santorsola (Chief Executive Officer Schibsted Spain) has received 8,713 Consideration Shares in the Demerger, divided into 549 A-Shares and 8,164 B-Shares, corresponding to 0.0013% of the issued shares in Adevinta.
- Laila S. Dahlen (Senior Vice President Product) has received 9,419 Consideration Shares in the Demerger, divided into 2,947 A-Shares and 6,472 B-Shares, corresponding to 0.0002% of the issued shares in Adevinta.
- Nicki Dexter (Senior Vice President People & Communications) has received 1,184 Consideration Shares in the Demerger, all B-Shares, corresponding to 0.0001% of the issued shares in Adevinta.
- Antoine Jouteau (Chief Executive Officer Leboncoin Group) has received 19,307 Consideration Shares in the Demerger, all B-Shares, corresponding to 0.0028%% of the issued shares in Adevinta.
- Ovidiu Solomonov (Senior Vice President Global Markets) has received 1,801 Consideration Shares in the Demerger, all B-Shares, corresponding to 0.0003% of the issued shares in Adevinta.
- Renaud Bruyeron (Chief Technical Officer) has received 7,170 Consideration Shares in the Demerger, divided into 1,919 A-Shares and 5,251 B-Shares, corresponding to 0.001% of the issued shares in Adevinta.
Enquiries
Cassandra Lord, Director of Communications, Adevinta. Tel: +44 7809 214 347
Jo Christian Steigedal, VP Investor Relations in Schibsted. Tel: +47 415 08 733
About Adevinta ASA
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.
