NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
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.
Oslo, 25 April 2019: Reference is made to the stock exchange notice issued on 9
April 2019 regarding potential stabilisation activities in respect of B-shares
in Adevinta ASA ("Adevinta" or the "Company", OSE ticker "ADEB") from 10 April
2019 to and including 9 May 2019 in connection with Adevinta's initial public
offering and listing on the Oslo Stock Exchange (the "Offering"). J.P. Morgan
Securities plc (the "Stabilisation Manager") hereby gives notice that
stabilisation activities in the B-shares of Adevinta have been discontinued and
that no stabilisation activities has been undertaken.
In order to permit the redelivery of B-shares in Adevinta which was borrowed and
over-allotted in the Offering, the Stabilisation Manager, on behalf of the
Managers (as defined below), has exercised its option to purchase from Schibsted
ASA ("Schibsted") and Blommenholm Industrier AS ("Blommenholm Industrier") a
total of 5,533,962 B-shares in Adevinta.
Pursuant to the exercise of the over-allotment option, Schibsted has sold
5,108,609 B-shares and Blommenholm Industrier has sold 425,353 B-shares to the
Stabilisation Manager (on behalf of the Managers (as defined below)) at a price
of NOK 78 per B-share.
Following these transactions, Schibsted holds 203,477,833 B-shares in Adevinta,
equal to 54.51% of the total number of B-shares in Adevinta. Schibsted holds
200,102,292 A-shares in Adevinta equal to 65% of the total number of outstanding
A-shares. Schibsted's shares in Adevinta represent 63.87% of the voting rights
in Adevinta.
Following these transactions, Blommenholm Industrier holds 25,337,549 B-shares
in Adevinta, equal to 6.79% of the total number of B-shares in Adevinta.
Blommenholm Industrier holds 28,188,589 A-shares in Adevinta, equal to 8.90% of
the total number of outstanding A-shares.
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
Joint Bookrunners.
For further queries, 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 www.adevinta.com,
www.seb.no, www.arctic.com 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.
Thus document 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.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.