Brief: Schibsted: Termination Of Total Return Swap Agreement In Adevinta
29/05/2024 12:58
May 29 (Reuters) - Adevinta ASA ADEA.OL :
* AFTER COMPLETION OF VOLUNTARY OFFER FOR ADEVINTA TODAY,
SCHIBSTED'S TOTAL RETURN SWAP AGREEMENT WITH DANSKE BANK WITH
FINANCIAL EXPOSURE TO 36,748,289 SHARES IN ADEVINTA HAS BEEN
TERMINATED
* TERMINATION PRICE OF TRS AGREEMENT IS NOK 115 PER SHARE
GIVING
SCHIBSTED ASA A POSITIVE CASH EFFECT OF APPROX. NOK 118 MILLION
Source text for Eikon: ID:nObiKkYKFa
Further company coverage: ADEA.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
Recent news on Adevinta ASA
See all newsBrief: Fitch Ratings Says Withdraws Adevinta's Ratings
Brief: A-Shares In Adevinta To Be Delisted From Oslo Stock Exchange As Of June 5 2024
Brief: Schibsted: Termination Of Total Return Swap Agreement In Adevinta
Brief: Adevinta Completes Voluntary Offer For All Issued, Outstanding Ordinary Class A Shares
Brief: Adevinta Q1 EBITDA Margin 34.4%