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    ADE   NO0010844038

ADEVINTA ASA

(ADE)
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Adevinta ASA (ADE) - Updated Articles of Association Following Exchange of Class B Shares Into Class A shares

11/25/2021 | 11:39am EST
Oslo, 25 November 2021

Reference is made to the disclosure of large shareholding in Adevinta ASA
("Adevinta") on 19 November 2021 whereby notice was made that eBay International
Holding GmbH, which is 100% owned by eBay Inc. ("eBay"), requested to convert
138,264,160 Class B Shares (non-voting shares) in Adevinta to ordinary Class A
Shares.

Pursuant to Article 4 of Adevinta's Articles of Association (Nw.: vedtekter),
any holder of Class B Shares (non-voting shares) may, under certain terms and
conditions and upon notice to Adevinta, request that Class B Shares (non-voting
shares) are exchanged into ordinary Class A Shares. Adevinta's Articles of
Association have been amended and registered in the Norwegian Register of
Business Enterprises (Nw.: Foretaksregisteret).

Following such exchange, the share capital in Adevinta remains unchanged, but
the number of ordinary Class A Shares has increased by 138,264,160 and the
number of Class B Shares (non-voting shares) has decreased by the same amount.
The share capital of Adevinta is NOK 244,988,596.20 consisting of 1,165,686,913
ordinary Class A Shares and 59,256,068 Class B Shares (non-voting shares), each
with a nominal value of NOK 0.20.

The Articles of Association in Norwegian and an unofficial English translation
are available at the web address below:
www.adevinta.com/about-adevinta/corporate-governance/articles-of-association

***

Contact information: 
Adevinta Investor Relations 
Marie de Scorbiac 
VP Investor Relations & Corporate Affairs 
+33 6 14 65 77 40 
Anne-Sophie Jugean 
Investor Relations Manager 
+33 6 74 19 22 81 
ir@adevinta.com 
Adevinta Media Relations 
Mélodie Laroche 
Head of Corporate Communications 
+33 6 84 30 52 76 
melodie.laroche@adevinta.com 

***

About Adevinta: 
Adevinta is a global online classifieds specialist, operating digital
marketplaces in 16 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 40 digital brands, covering one billion
people and attracting approximately three billion average monthly visits.
Leading brands include top-ranked leboncoin in France, Germany's leading
classifieds sites mobile.de and eBay Kleinanzeigen, Marktplaats in the
Netherlands, Kijiji in Canada, fotocasa and InfoJobs in Spain, and 50% of fast-
growing OLX Brasil. Adevinta spun off from Schibsted ASA and publicly listed in
Oslo, Norway in 2019. Adevinta employs around 7,500 people committed to
supporting users and customers daily. Find out more at Adevinta.com
(https://www.adevinta.com/). 

***

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
ADEVINTA ASA -0.78% 108.15 Real-time Quote.-7.08%
EBAY INC. 0.27% 63.45 Delayed Quote.-4.59%
SCHIBSTED ASA -0.13% 299 Real-time Quote.-11.97%
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Financials
Sales 2021 1 261 M 1 439 M 1 439 M
Net income 2021 62,8 M 71,6 M 71,6 M
Net Debt 2021 2 311 M 2 636 M 2 636 M
P/E ratio 2021 673x
Yield 2021 0,04%
Capitalization 13 330 M 15 299 M 15 208 M
EV / Sales 2021 12,4x
EV / Sales 2022 8,64x
Nbr of Employees 3 917
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 109,00 NOK
Average target price 158,45 NOK
Spread / Average Target 45,4%
EPS Revisions
Managers and Directors
Rolv Erik Ryssdal Chief Executive Officer
Uvashni Raman Chief Financial Officer
Orla Noonan Chairman
Renaud Franck Bruyeron Senior Vice President-Product & Technology
Sophie Constance Javary Independent Director
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