30.5.2025 11:55:49 CEST | Vend Marketplaces ASA | Inside information
Aurelia Netherlands TopCo B.V. ("Adevinta"), in which Vend Marketplaces ASA
("Vend" or the "Company") holds a 14 percent ownership stake, has resolved a
capital distribution to its shareholders. This follows a refinancing of
Adevinta's external debt facilities and the previously communicated divestments
of its interests in the joint ventures Distilled (Ireland) and Willhaben
(Austria).
Vend's share of the capital distribution amounts to EUR 336 million, equivalent
to approximately NOK 3.9 billion. This figure includes approximately NOK 500
million in cash proceeds already disclosed on 20 December 2024.
In line with its capital allocation policy, Vend intends to return the proceeds
received from Adevinta to its shareholders. The Company is currently assessing
the appropriate options and timing for this return of capital, and will provide
an update in due course.
"Today's announcement is further evidence of the significant and ongoing value
creation within Adevinta, as well as Vend's commitment to disciplined capital
allocation - returning surplus cash to shareholders while maintaining a
conservative balance sheet," said Per Christian Mørland, CFO of Vend.
Oslo, 30 May 2025
VEND MARKETPLACES ASA
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
CONTACTS
* Jann-Boje Meinecke, SVP FP&A and Investor Relations, +47 941 00 835,
ir@vend.com
ABOUT VEND MARKETPLACES ASA
Vend Marketplaces ASA ("Vend") is a family of marketplaces with a strong Nordic
position. As a leading marketplaces company within Mobility, Real Estate, Jobs
and Recommerce, we provide effortless digital experiences designed for the needs
of tomorrow. We do it with a clear sense of purpose, to create sustainable value
and long-term growth, for all our stakeholders and society as a whole.
Vend has an ownership share of 14% in Adevinta, a company that was spun off in
2019 and is now privately owned by a group of investors.
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/18546590/6143/Download%20announce
ment%20as%20PDF.pdf