Vend Marketplaces ASA: Initiation of first tranche of share buyback programme

30 Apr 2026 07:08 CEST

30.4.2026 07:08:51 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 first tranche of a share buyback programme which is planned to cover
purchases up to NOK 4 billion in total, split into two tranches comprising NOK 2
billion each. The buyback programme is in line with the Company's previously
communicated intention to return capital to shareholders.

The Company has entered into a non-discretionary agreement with Skandinaviska
Enskilda Banken AB to carry out the first tranche of the programme on behalf of
Vend. The agreement and initiation of the first tranche of the buyback programme
is conditional upon the approval by the Annual General Meeting on 30 April 2026
(the "AGM") of the proposed Board authorisation to buyback company shares (the
"Authorisation").

Subject to the approval by the AGM and the registration of the Authorisation in
the Norwegian Company Register, the first tranche of the buyback programme will
commence on 4 May 2026 and shall be finalised within 30 October 2026.

The first tranche of the programme is limited to NOK 2 billion equivalent to
approximately 3.8% of the issued shares in Vend (total issued shares are
approximately 218 million) at the current share price level. The minimum price
that can be paid per share is NOK 50 and the maximum price is NOK 500. Pursuant
to the Board authorisation, the maximum number of shares that may be purchased
under the programme is 21,091,181.

The second tranche of the buyback programme is intended to be initiated
following the completion of the first tranche, subject to the approval by the
Company's Board of Directors.

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 7,864,498 shares. Following the resolution by the
AGM on 30 April 2026, 7,298,880 of these shares will be redeemed, reducing the
Company's share capital by NOK 3,649,440 to NOK 105,455,905.50, consisting of
210,911,811 shares.

Oslo, 30 April 2026
Vend Marketplaces ASA

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/17847482/18883345/8647/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

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