Download announcement as PDF
Vend Marketplaces ASA: Initiation of second tranche of share buyback programme
2026-08-06 08:03:10
6.8.2026 08:03:06 CEST | Vend Marketplaces ASA | Additional regulated
information required to be disclosed under the laws of a member state
Vend Marketplaces ASA ("Vend" or the "Company") today announces the initiation
of the second and final tranche of the share buyback programme announced on 30
April 2026. The programme covers purchases up to NOK 4 billion in total, split
into two tranches comprising NOK 2 billion each. The first tranche was completed
on 5 August 2026.
The Company has entered into a non-discretionary agreement with Skandinaviska
Enskilda Banken AB to carry out the second tranche of the programme on behalf of
Vend.
The second tranche of the buyback programme will commence on 6 August 2026 and
shall be finalised within 31 December 2026.
The second tranche of the programme is limited to NOK 2 billion. The minimum
price that can be paid per share is NOK 50 and the maximum price is NOK 500.
Pursuant to the Board authorisation to buyback company shares approved by the
Annual General Meeting on 30 April 2026, and taking into account the number of
shares acquired under the first tranche of the buyback programme, the maximum
number of shares that may be purchased under the second tranche of the buyback
programme is 12,316,028.
Skandinaviska Enskilda Banken AB will make its trading decisions independently
of the Company. The execution of any repurchases will depend on market
conditions, and the Company may resolve to terminate the buyback programme
before the threshold set out above is reached.
The purpose of the buyback is to reduce the capital of the Company. Apart from
some shares repurchased under the programme which will be used in the Company's
employee share saving plan and long-term incentive plans, the Company will seek
approval by a future General Meeting for cancellation of the remaining shares
repurchased under the programme.
The share buyback programme is carried out in accordance with the Market Abuse
Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No
2016/1052 ("Safe Harbour Regulation").
Vend currently owns a total of 8,775,153 own shares, corresponding to 4.16% of
total issued shares in Vend.
Oslo, 6 August 2026
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, Vend Marketplaces ASA,
+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/17847482/19013337/14686/Download%20announc
ement%20as%20PDF.pdf
mmunikasjon.ntb.no/ir-files/17847482/19013337/14686/Download%20announc\
ement%20as%20PDF.pdf\