ADEA Adevinta A

Adevinta ASA – Procedures established in response to receipt of non-binding indicative proposal

Adevinta ASA – Procedures established in response to receipt of non-binding indicative proposal

Oslo, 3 October 2023 – Adevinta ASA (“Adevinta” or the “Company”) refers to the stock exchange announcement on 21 September 2023 regarding receipt of a non-binding indicative proposal (the “Proposal”) from a consortium led by Permira and Blackstone, with involvement of the Company’s two main shareholders, regarding a potential offer for all shares of the Company. In response to shareholder enquiries, the Company wants to communicate the procedures it is following in response to the Proposal. 

Immediately upon receipt of the Proposal, the Company’s board of directors established a special committee comprising the five independent directors on the Company’s board. The special committee is representing the Company in all aspects relating to the Proposal. The directors who are representatives of the three main shareholders of the Company are not involved in the Company’s deliberations and decisions.

The independent committee is actively engaging in the Proposal in line with applicable regulations and corporate governance principles. Citigroup Global Markets Europe AG and JPMorgan Securities Plc have been engaged as financial advisers, and BAHR, Cleary Gottlieb and Skadden as legal advisers. The advisers are acting exclusively under the instructions of the special committee.

Any further announcement relating to the Proposal will be made as and when appropriate in compliance with applicable laws and regulations.

-end-

Contact information:

IR contacts

Marie de Scorbiac

VP Investor Relations & Corporate Affairs

40

Anne-Sophie Jugean

Investor Relations Senior Manager

81

Media contact

Edelman Smithfield



EN
03/10/2023

Underlying

ADEAAdevinta A

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Adevinta A

 PRESS RELEASE
Free
ADEA ADEVINTA A

Adevinta ASA (ADE) – Extraordinary General Meeting Held

Adevinta ASA (ADE) – Extraordinary General Meeting Held On 30 May 2024 and following completion of the compulsory acquisition of the remaining shares in Adevinta ASA (the "Company") by Aurelia Bidco Norway AS as announced earlier today, an extraordinary general meeting of Adevinta ASA was held. The meeting was conducted as a virtual meeting. All agenda items were approved. The minutes from the general meeting are attached. Attachment

May 30, 2024 1 EN
 PRESS RELEASE
Free
ADEA ADEVINTA A

Adevinta ASA (ADE) - COMPULSORY ACQUISITION OF SHARES IN ADEVINTA ASA

Adevinta ASA (ADE) - COMPULSORY ACQUISITION OF SHARES IN ADEVINTA ASA NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE PRIOR APPROVAL. 30 May 2024 Reference is made to the stock exchange announcement made on 29 May 2024 regarding settlement of the voluntary offer (the "Offer") by Aurelia Bidco Norway AS (the "Offeror") to acquire all of the issued and outstanding ordinary class A shares (the "Shares") in Adevinta ASA (the "Company") for NOK 115 per Shar...

May 30, 2024 1 EN
 PRESS RELEASE
Free
ADEA ADEVINTA A

Adevinta ASA (ADE) - COMPLETION OF THE VOLUNTARY OFFER FOR ALL ISSUED ...

Adevinta ASA (ADE) - COMPLETION OF THE VOLUNTARY OFFER FOR ALL ISSUED AND OUTSTANDING ORDINARY CLASS A SHARES IN ADEVINTA ASA NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE PRIOR APPROVAL. 29 May 2024 Reference is made to the offer document dated 22 December 2023 (the "Offer Document") for the voluntary offer for all issued and outstanding ordinary class A shares (the "Shares") in Adevinta ASA ("Adevinta" or the "Company") (such offer, the "Offer") by...

May 29, 2024 1 EN
 PRESS RELEASE
Free
ADEA ADEVINTA A

Adevinta ASA (ADE) - Adevinta reports strong Q1 financial performance ...

Adevinta ASA (ADE) - Adevinta reports strong Q1 financial performance in soft macro environment Strong EU51 revenue growth: +12% year-on-yearTotal revenues at €480m, up 11%2 year-on-yearTotal EBITDA of €165m, up 14% year-on-year and EBITDA margin of 34.4%Strong cash flow generation and continued deleveraging Oslo, 28 May 2024 - Adevinta ASA (ADE) (“Adevinta'' or “the Company”) reported strong group revenue growth of 11% in the first quarter of 2024 compared to the same period last year. This excludes the impact of the Hungarian business divestment in Q3 2023. EU5 Markets revenues reached ...

May 28, 2024 1 EN
 PRESS RELEASE
Free
ADEA ADEVINTA A

Adevinta ASA Announces Issuance of Notices of Redemption in Full of it...

Adevinta ASA Announces Issuance of Notices of Redemption in Full of its 2 5/8% Senior Secured Notes due 2025 and 3% Senior Secured Notes due 2027 17 May 2024 Oslo, 17 May 2024 - Adevinta ASA today announces the issuance of notices of redemption (the “Redemption”) for all of its outstanding €660,000,000 aggregate principal amount 2 5/8% Senior Secured Notes due 2025 (the “2025 Notes”) and €400,000,000 aggregate principal amount 3% Senior Secured Notes due 2027 (the “2027 Notes” and, together with the 2025 Notes, the “Notes”). As specified in the notices of Redemption, ...

May 17, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch