Vend Marketplaces ASA (VENDA/VENDB) - Final decision from Finanstilsynet on previously accepted violation penalty
On 18 July, Vend Marketplaces (“Vend”) announced that the company would accept a violation penalty of NOK 10 million in connection with Vend’s pre-close calls ahead of the first quarter 2025 results. In line with the communicated intention, the Financial Supervisory Authority of Norway ("Finanstilsynet") today confirmed its decision to issue the violation penalty.
In the 18 July 2025 release, Vend announced the following principles for communication with the financial markets:
Vend will continue the practice that was installed as of the second quarter 2025 of no longer organising pre-close calls, as announced in a stock exchange announcement on 20 June 2025.
Vend will continue the practice that was installed as of the second quarter 2025 of publishing a written summary of information given at the previous quarterly presentation, accompanied with listing volumes for the first two months of each quarter going forward, and other information the company sees relevant. The data will be published in a stock exchange release. Following the distribution of this newsletter, Vend's IR team will refrain from discussing short-term development with analysts, investors or other stakeholders before the following interim report is published.
Vend will formalise its silent period to start at least four weeks before quarterly results are announced, and no later than the first business day after quarter-end.
During the silent period, Vend will refrain from discussing the company's performance and prospects with analysts, investors, media and others.
“As we communicated in July, we recognise that some of the information that was shared related to the first quarter pre-close calls should not have been given. We will do our utmost to ensure that Vend can be trusted and that our communication is reliable, timely, and in accordance with all regulatory requirements and best practice. We have learned from this mistake, taken the consequences and made appropriate changes,” says Per Christian Mørland, CFO of Vend.
Oslo, 20 August 2025
VEND MARKETPLACES ASA
Contacts
- Jann-Boje Meinecke, SVP FP&A and Investor Relations, Vend Marketplaces ASA, +47 941 00 835, ir@vend.com
- Kristine Eia Kirkholm, Director of Communication, Vend Marketplaces ASA, +47 93 24 78 75, kristine.eia.kirkholm@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.