The new managing director of Aftenposten enters Schibsted’s option program upon arrival today on 1 August and is given 7,500 options. After this allotment, Skogen Lund holds a total of 7,500 options and 146 shares.
The aim with the option program is to increase the top management’s holdings in the Schibsted share. Associated with the option program there is an obligation to reinvest and to hold a minimum amount of Schibsted shares.
The exercise price of NOK 302.1 is based on the share price one week prior to and one week following the Annual General Meeting on 10 May 2007. The options are earned during a three year period. This year’s allotment may to be exercised between 1 January 2010 and 31 December 2011.
Oslo, 1 August, 2007
SCHIBSTED ASA