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    ADE   NO0010844038

ADEVINTA ASA

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Adevinta ASA (ADE) - Redemption of shares in Blommenholm industrier AS and share sale in Adevinta ASA

12/20/2021 | 12:51pm EDT
Oslo, 20 December 2021Blommenholm Industrier AS, has today transferred 6 898 929 class A shares
(voting shares) in Adevinta ASA to Alba Forvaltning AS, Faros Forvaltning AS and
Odden Forvaltning AS. After these transfers, Blommenholm Industrier AS will own
17 093 587 class A shares in Adevinta ASA.

Following the transfers, Blommenholm Industrier AS will hold approximately 1.5%
of the class A shares and votes
outstanding in Adevinta ASA.

The transfers are part of an agreement between the Tinius Trust and the three
investment companies in conjunction with the redemption of non-voting B-shares
in Blommenholm Industrier AS held by Alba Forvaltning AS, Faros Forvaltning AS
and Odden Forvaltning AS.

This operation does not impact the voting structure of Blommenholm Industrier AS
where the Tinus Trust controls all the votes and it does not lead to any change
in the Tinius Trust's ownership strategy for Schibsted or Adevinta. It will
eventually lead to the Tinius Trust becoming the sole owner of all voting and
non-voting shares in Blommenholm Industrier AS.

The Tinius Trust and Blommenholm Industrier AS are represented on the Board of
Schibsted ASA by Ole Jacob Sunde and Karl-Christian Agerup, and Blommenholm
Industrier AS is a primary insider in Schibsted ASA.

For more information on the Tinius Trust, please visit www.tinius.com
(http://www.tinius.com).

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
ADEVINTA ASA 0.78% 64.8 Real-time Quote.-45.18%
SCHIBSTED ASA -0.98% 192 Real-time Quote.-42.99%
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Analyst Recommendations on ADEVINTA ASA
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Financials
Sales 2022 1 672 M 1 741 M 1 741 M
Net income 2022 155 M 161 M 161 M
Net Debt 2022 2 004 M 2 086 M 2 086 M
P/E ratio 2022 51,7x
Yield 2022 0,15%
Capitalization 8 142 M 8 429 M 8 475 M
EV / Sales 2022 6,07x
EV / Sales 2023 5,17x
Nbr of Employees 5 033
Free-Float 13,3%
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Number of Analysts 21
Last Close Price 64,30 NOK
Average target price 114,22 NOK
Spread / Average Target 77,6%
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Managers and Directors
Rolv Erik Ryssdal Chief Executive Officer
Uvashni Raman Chief Financial Officer
Orla Noonan Chairman
Alex Alexander Chief Product & Technology Officer
Sophie Constance Javary Independent Director
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