The employees of Schibsted Media group have this year, as in previous years, been offered to buy shares in Schibsted ASA for up to NOK 6,000 at a discounted price. The price was equal to the closing price on 4 December 2013 minus a 20 percent discount. This gives a price of NOK 311.44 per share and implies an acquisition of 19 shares. The subscription deadline was 4 December 2013. The following primary insiders have signed up for this offer:
Name/new number of shares incl. close affiliates
Berger, Trond
15,843
Buggeland, Svein Arne
157
Eilertsen, Frode
1,295
Jarlsby, Camilla
10,006
Lia, Morten
52
Møller, Jacob Andreas
1,480
Mørland, Karine Mortvedt
284
Nilsen, Britt
388
Pedersen, Torry
10,111
Rikter, Anders
104
Ryssdal, Rolv Erik
30,417
Schilvold Sørensen, Stian
101
Seljeseth, Terje*
13,124
Steigedal, Jo Christian
899
Thorenfeldt, Catharina
890
von der Fehr, Anne Lise Mørch
220
Vonen, Mari
19
Wismer, Jonas
52
*) Shares acquired by close affiliate to Terje Seljeseth.
The shares will be transferred to the individuals within the next few days.
The employee share offering implies that Schibsted ASA has sold 11,818 shares at NOK 311.44 per share to employees. After the transaction, Schibsted ASA holds 654,717 own shares.
Oslo, 10 December 2013
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Schibsted ASA is a Norway-based company which operates as a holding company for Schibsted Group. The Company is engaged in the provision of information and news. The Group is organized within four operation segments: Nordic Marketplaces, News Media, eCommerce & Distribution and Financial Services & Ventures. The Nordic Marketplaces segment provides technology-based services to connect buyers and sellers and facilitate transactions, from job offers to real estate, cars, travel, consumer goods and more. The News Media comprises news brands such as VG, Aftenposten, Bergens Tidende in Norway and Aftonbladet and Svenska Dagbladet in Sweden both in paper and digital formats, in addition to printing plant operations in the Norwegian market. The eCommerce & Distribution is primarily the distribution operations in Norway which delivers not only newspapers but also parcels for businesses and consumers. The Financial Services & Ventures consists of a portfolio of digital companies.