Last day of the Adevinta bookbuilding and application periods in the Offering

Schibsted ASA (SCHA/SCHB) , Published 09/04/2019 08:04:01

Oslo, 9 April 2019: Reference is made to the stock exchange announcement regarding the launch of the offering of B-shares and contemplated listing of Adevinta ASA (“Adevinta”) (the “Offering”) on 1 April 2019. 

The application period for the retail offering expires at 12:00 hours (CET) today and the bookbuilding period for the institutional offering expires at 15:00 hours (CET) today, 9 April 2019.

Application for offer shares in the retail offering may be made by using the retail application form attached to the prospectus dated 1 April 2019 (the “Prospectus”) prepared in connection with the Offering. Applicants in the retail offering who are resident in Norway and has a Norwegian personal identification number may apply for Shares through the VPS online application system by following the link to such online application system on the following websites:, and All applications in the retail offering must be made within 12:00 hours (CET) today, 9 April 2019.

Application for offer shares in the institutional offering must be made by informing one of the Managers (as defined below) of the number of offer shares that the investors wishes to order, and the price per share that the investor is offering to pay for such offer shares within 15:00 hours (CET) today, 9 April 2019. 

The further details of the Offering and the terms thereof are set out in the Prospectus. The Prospectus is, subject to regulatory restrictions in certain jurisdictions, available at, and Copies of the Prospectus can only be distributed to individuals who are eligible to participate in the Offering. Hard copies of the Prospectus may also be obtained free of charge at Adevinta’s offices at Grensen 5, 0159 Oslo, Norway. 

J.P. Morgan Securities Plc and Skandinaviska Enskilda Banken AB (publ), Oslo branch are acting as Joint Global Coordinators and Joint Bookrunners, and Arctic Securities AS is acting as Joint Bookrunner and Financial Advisor to the Tinius Trust (collectively, the “Managers”). 

Advokatfirmaet Wiersholm AS (as to Norwegian law) and Cleary Gottlieb Steen & Hamilton LLP (as to English and US laws) are acting as legal counsels to Adevinta and Schibsted, while Advokatfirmaet BAHR AS (as to Norwegian law) and White & Case LLP (as to English and US laws) are acting as legal counsels to the Managers.

For further enquiries, please contact:
Jo Christian Steigedal, VP Investor Relations in Schibsted. Tel: +47 415 08 733
Cassandra Lord, Director of Communications, Adevinta. Tel: +44 7809 214 347

About Adevinta ASA
Adevinta is a global online classifieds company with generalist, real estate, cars, jobs and other internet marketplaces in 16 countries, connecting buyers seeking goods or services with a large base of sellers. Its portfolio spans 36 digital products and websites, attracting 1.5 billion average monthly visits. Leading brands include top-ranked Leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX in Brazil.
Important Notice
These materials are not for distribution, directly or indirectly, in or into Australia, Canada, the Hong Kong special administrative region of the People’s Republic of China, Japan, South Africa or the United States or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions.

This document is not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Adevinta does not intend to register any part of the offering in the United States or to conduct a public offering of Shares in the United States.  Any securities sold in the United States will be sold only to qualified institutional buyers (as defined in Rule 144A under the Securities Act) pursuant to Rule 144A.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons.  Any person who is not a relevant person should not act or rely on this document or any of its contents.

In connection with the Offering, J.P. Morgan (the “Stabilisation Manager”) may effect transactions on the Oslo Stock Exchange with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail for a period of 30 days following the commencement of trading. Any stabilisation action (which may or may not occur) will be conducted by the Stabilisation Manager in accordance with all applicable laws and rules and may cease at any time. 

In any EEA Member State that has implemented Directive 2003/71/EC (as amended and together with any applicable implementing measures in any Member State, the “Prospectus Directive”) this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.

This document is an advertisement and is not a prospectus for the purposes of the Prospectus Directive. The Prospectus, prepared pursuant to the Prospectus Directive, can be obtained from the website of Adevinta,, and at Adevinta’s offices (Grensen 5, 0159 Oslo, Norway). Investors should not purchase any securities referred to in this document except on the basis of information contained in the Prospectus.

The Managers and their affiliates are acting exclusively for Adevinta and Schibsted and no-one else in connection with the Offering. They will not regard any other person as their respective clients in relation to the Offering and will not be responsible to anyone other than Adevinta or Schibsted for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.  

In connection with the Offering, the Managers and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such shares and other securities of Adevinta or related investments in connection with the Offering or otherwise. Accordingly, references in the Prospectus to the shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, such Managers and any of their affiliates acting as investors for their own accounts. The Managers do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

The Information contains forward-looking statements. All statements other than statements of historical fact included in the Information are forward-looking statements. Forward-looking statements give Adevinta’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance and business. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Adevinta’s control that could cause the Companies’ actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Adevinta’s present and future business strategies and the environment in which it will operate in the future.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.