The Annual General Meeting of Schibsted ASA was held on 8 May 2015 in the Company’s premises at Apotekergaten 10 in Oslo.
All proposals on the agenda were adopted, ref. the notice of the Annual General Meeting that was published 17 April 2015, including the following:
- The Annual General Meeting approved the Board’s proposal to distribute a dividend of NOK 3.50 per share. The Schibsted shares will trade exclusive of dividend as from 11 May 2015. The dividend will be paid out on 20 May 2015.
- The Annual General Meeting approved the Board’s proposal to establish a new class of low-voting B-shares. The establishment of this new class B will be done through a split of the Company’s shares so that for every A-share each shareholder will receive one B-share. The B-shares will be ordinary, fully-paid shares carrying equal rights in all respects except that the B-shares will be low-voting shares with only one vote per share while the A-shares will have 10 votes per share. The share split is expected to become effective and the B-shares listed on Oslo Børs on or around 1 June 2015.
- The Annual General Meeting resolved to grant the Board authority to increase the share capital. The authority is limited to 5 percent of the share capital, and can only be used to issue B-shares. The authority includes the right to set aside the pre-emptive rights of existing shareholders.
A translation of the minutes and voting protocol from the Annual General Meeting is attached and available on www.schibsted.com.
Oslo, 8 May 2015
Anders Christian Rønning
Investor Relations Officer