Execution of call option in Infojobs

Schibsted ASA (SCH) , Published 21/12/2006 10:17:43

Anuntis Segundamano Holding S.L.has today increased its stake in Infojobs S.A. from 60% to 93.56% by executing the existing option agreement between Anuntis Segundamano and Grupo Intercom and a subsequent share capital increase. The total consideration by Anuntis Segundamano is EUR 12.5 million.
In conjunction with the execution of this agreement, Anuntis Segundamano and Grupo Intercom have entered into a new shareholding agreement, entailing amongst other, that Grupo Intercom will retain a 6.44 % shareholding in Infojobs. This shareholding is governed by mutual call put arrangements, the conditions of which will depend on the financial performance of Infojobs.
Anuntis Segundamano is controlled 77% by Schibsted and 23% by the González Castro’s family.
Anuntis Segundamano is the leading company within offline and online Spanish Classified Media with operations in Spain, Argentina, Brasil, Colombia, Mexico and Venezuela.
Infojobs was established in 1998 and is the leading private employment website in Spain and Europe based on its quantity of CVs, volume of job offers, growth, experience and innovation and service quality.
Grupo Intercom is a leader within Spain in the field of the creation and development of online businesses based on classified adverts.
Contact person:
Executive Vice President Sverre Munck, tel: +47 91 68 66 99
Oslo, December 21st, 2006
Schibsted ASA