Reference is made to the stock exchange announcement earlier today regarding the agreement entered into betweeneBay Inc. ("eBay") and Permira regarding sale of shares inAdevinta ASA ("Adevinta "). Pursuant to the agreement, eBayInternational Management B.V. , which is 100% owned by eBay, will sell 124,944,185 Class A Shares inAdevinta , with a 30-day option for Permira to purchase an additional 9,799,543 Class A Shares. Upon completion of the transaction, which is expected to take place in Q4 2021, eBay will, through its ownership in eBay International Management B.V. and eBayInternational Holding GmbH , indirectly own in total (i) 217 530 066 Class A Shares, representing approximately 21% of the Class A Shares and associated voting rights in the Company, and (ii) 197,520,228 ClassB Shares , which together with the Class A Shares owned by eBay, amounts to approximately 34% of the Company's outstanding share capital. If Permira exercises the option to acquire additional shares, eBay's total ownership stake inAdevinta will be reduced to 33%. eBayInternational Management B.V. is a close associate of board membersMarie Oh Huber andMark Solomons . Please find a PDMR-notification attached.
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