From GlobeNewswire:

Adevinta is transferring a net amount of 1,216,726 own shares to employees in connection with various equity plans and selling the remaining 1,227,693 own shares through a broker in the open market to cover tax liabilities. The share transfer is a settlement of multiple equity reward schemes, the details of which can be found in the 2022 Annual Report. Shares transferred to employees who are primary insiders are disclosed in an attachment to the release, and the transaction notifications are attached in accordance with MAR regulation. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. Adevinta is a leading online classifieds group with a portfolio of 25+ digital marketplaces that connect more than 120 million people and over a million businesses across Europe. Their international team aims to make a positive impact on the environment, economy, and society. For more information, visit Adevinta.com.



Read more: Adevinta ASA (ADE) – Mandatory notification of trade –