Adevinta ASA (OB:ADE) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares in two tranches. The first tranche of the buyback will be for up to 4,000,000 shares for NOK 320 million will end no later than on June 28, 2022.

The minimum price that can be paid per share is NOK 20 and the maximum price is NOK 750. The second tranche of the buyback of up to 6,000,000 shares will be launched subsequent to the 2022 AGM on June 29, 2022. The purpose of the buyback is to acquire shares to be used as settlement in the company's share-based incentive plans.

The second tranche is expected to end no later than January 31, 2023. As of February 24, 2022, the company has 654,736 shares in treasury.