Brief: Schibsted Renews TRS Agreement In Adevinta

Adevinta ASA

01/12/2023 13:25

Dec 1 (Reuters) - Schibsted ASA  SCHA.OL :
    * RENEWED TRS AGREEMENT IN ADEVINTA ASA
    * EXTENDED DURATION OF ITS TOTAL RETURN SWAP ("TRS")
AGREEMENT
WITH DANSKE BANK A/S ("DANSKE") WITH FINANCIAL EXPOSURE TO
36,748,289 SHARES IN ADEVINTA
    * EXPIRY DATE OF NEW TRS AGREEMENT IS 13 DECEMBER 2024
    * TERMINATING TRS AGREEMENT ANNOUNCED ON 30 MAY 2023, AND
ENTERING
INTO A NEW TRS AGREEMENT
    * SCHIBSTED'S FINANCIAL EXPOSURE REMAINS UNCHANGED WITH NEW
TRS
AGREEMENT
    * EXPIRY DATE OF NEW TRS AGREEMENT IS 13 DECEMBER 2024
    * PRICE IN NEW TRS AGREEMENT IS NOK 111.80 PER SHARE GIVING
SCHIBSTED A POSITIVE CASH EFFECT OF APPROX. NOK 1.2 BILLION

Source text for Eikon:  ID:nObin6Vx4a 
Further company coverage:  SCHA.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))