At Adevinta, we believe everything and everyone has a purpose in life. Our selection of digital brands unlock the full value in every person, place and thing by creating perfect matches on the world’s most trusted marketplaces.
Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably.
At Adevinta we'll stay ahead of the curve by using innovation, curiosity and technology to develop products that help everyone and everything find new purpose.
We're all about matchmaking, and we take the same approach to hiring. But it's not just about finding the right skills for the job. It's also about making sure the role and the culture are the right match too.
We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment.
We invest in companies with tangible traction, a potential to scale beyond their domestic market, and who we can support with more than just financial resource.
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Oslo, 14 November 2019
Further to the stock exchange announcement on 12 November 2019 regarding preliminary results of the rights issue in Adevinta ASA (the "Company"), final allocation of the new shares in the rights issue has now been completed.
A total of 3,749,575 new shares have been allocated to subscribers pursuant to validly exercised subscription rights at the end of the subscription period. In the rights issue 81 subscription rights entitled the holder to one new share in the Company. Oversubscription and subscriptions without subscription rights were not permitted.
Notifications of allocated new shares and the corresponding subscription amount to be paid by each subscriber who has been allocated shares will be distributed during the course of today. The payment date for the new shares is 18 November 2019.
The new shares may not be transferred or traded before they have been fully paid and the share capital increase pertaining to the rights issue has been registered in the Norwegian Register of Business Enterprises. The Company expects that the share capital increase will be registered in the Norwegian Register of Business Enterprises on or about 21 November 2019.
The new shares will be transferred to the subscribers' VPS accounts on or about 22 November 2019 and admitted to trading on the Oslo Stock Exchange on or about the same date.
The remaining 51,038 shares that have not been allocated, will be subscribed by the underwriter Sakndinaviska Enksilda Banken AB (publ) Oslo branch, who will sell the subscribed amount of new shares in the market and distribute the net proceeds from such sale to holders of subscription rights held upon expiry of the subscription period. There will be no payment of amounts under NOK 50 to a single holder of subscription rights.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Adevinta ASA is the biggest marketplace specialist in Europe. We help our local digital marketplaces thrive through global connections and networks of knowledge. Our marketplaces unlock the full value in every person, place and thing – helping local communities prosper and leaving a positive footprint on the world.
For more information on Adevinta ASA please visit:
For further information, please contact:
Jo Christian Steigedal
IMPORTANT NOTICE TO U.S. SHAREHOLDERS
The share collapse and rights issue described in this document involve securities of a foreign company. The share collapse and rights issue are subject to disclosure requirements of a foreign country that are different from those of the United States.
It may be difficult for you to enforce your rights and any claim you may have arising under the federal securities laws, since the Company is located in a foreign country, and some or all of its officers and directors may be residents of a foreign country. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
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