Primary insider inSchibsted ASA andAdevinta ASA , Blommenholm Industrier AS, will transfer 607,851 B-shares inSchibsted ASA and 4,320,781 shares inAdevinta ASA to Beltenut AS. After these transfers, Blommenholm Industrier AS will own 30,013,354 B-shares inSchibsted ASA and 38,992,516 shares inAdevinta ASA . Blommenholm Industrier AS also owns 28,541,262 A-shares inSchibsted ASA . Following the transfers, Blommenholm Industrier AS will hold 25.04% of shares outstanding and 26.87% of voting rights inSchibsted ASA and 5.69% of shares outstanding and voting rights inAdevinta ASA . The transfers are part of an agreement between theTinius Trust and Blommenholm Industrier AS and Beltenut AS/Jan Nagell-Erichsen to redeem the 50,000 non- voting B-shares in Blommenholm Industrier AS held by Beltenut AS. The agreement was resolved by theGeneral Assembly of Blommenholm Industrier AS on31 July 2020 . This operation does not impact the voting structure of Blommenholm Industrier AS where theTinus Trust controls all the votes and it does not lead to any change in theTinius Trust's ownership strategies for Schibsted andAdevinta . The shares will be transferred following the expiration of the legally required period set for creditor notification. The transfer of theAdevinta shares will happen after the Extraordinary General Meeting inAdevinta ASA to approve the acquisition ofeBay Classifieds Group .The Tinius Trust and Blommenholm Industrier AS are represented on the Board ofSchibsted ASA byOle Jacob Sunde andKarl-Christian Agerup , and the Board ofAdevinta ASA byTerje Seljeseth . For more information on theTinius Trust and the redemption of shares, please visit www.tinius.com (http://www.tinius.com).Oslo ,03 August 2020 SCHIBSTED ASA This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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