Oslo ,November 29, 2022 .eBay Inc. , through its subsidiary eBayInternational Holding GmbH , has onNovember 28, 2022 , sold 1,019,568 class A shares inAdevinta ASA (the "Company") at an average price ofNOK 76.9688 per share (the "Share Sale"). Reference is made to the stock exchange notice published on18 June 2021 regarding Austrian regulatory approval of the acquisition ofeBay Classifieds Group byAdevinta wherebyeBay Inc. committed to reduce its financial interest inAdevinta to 33.0% or below within 18 months following the closing of the transaction, which occurred on25 June 2021 . Following the Share Sale,eBay Inc. , through its ownership of eBayInternational Management B.V. and eBayInternational Holding GmbH , will indirectly own in total (i) 344,975,115 Class A Shares, representing approximately 29.59% of the Class A Shares and associated voting rights in the Company, and (ii) 59,256,068 ClassB Shares . In total,eBay Inc. indirectly owns 404,231,183 shares in the Company representing approximately 32.999% of the Company's outstanding share capital and 29.59% of the voting rights, which is within the regulatory requirements set by the Austrian competition authorities. eBay is represented on the Board ofAdevinta ASA byMarie Oh Huber andMark Solomons . Attached is a notification of the Share Sale pursuant to the requirements in the Market Abuse Regulation. This notification has been submitted pursuant to article 19 of the Market Abuse Regulation.
Click here for more information
© Oslo Bors ASA, source