NOT FOR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
According to the final results of Schibsted ASA’s (“Schibsted”) rights issue, for which the subscription period ended 2 July 2009, 38,297,186 new shares, corresponding to 99% of the offered shares, were subscribed for with subscription rights. In addition, 15,783,147 new shares were subscribed for without subscription rights, corresponding to 41% of the offered shares. Of the shares subscribed for without subscription rights, 456,429 shares have been allocated to subscribers based on the principles described in the prospectus published on June 18 2009. Thus, the rights issue was oversubscribed by 40% and the underwriting commitments did not need to be utilised.
Through the rights issue Schibsted will receive proceeds amounting to approximately NOK 1,318 million before transaction costs.
The share capital of Schibsted following the rights issue will be NOK 108,003,615, divided into 108,003,615 shares, each with a nominal value of NOK 1.00. The new shares will be listed on the Oslo Stock Exchange as soon as the share capital increase has been registered with the Norwegian Register of Business Enterprises and the new shares have been registered with the VPS which is expected to be on or about July 15 2009. The subscribers may not trade the new shares until they have been paid for and registered on each subscriber’s VPS account.
Trond Berger, CFO. Mobile: +47 916 86 695
Jo Christian Steigedal, VP Investor Relations, Mobile +47 415 08 733, email@example.com
Oslo, July 8 2009
Jo Christian Steigedal
VP Investor Relations
These materials are not an offer for sale of securities. The securities have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. The company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Any offering of securities will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the company and management, as well as financial statements.
In any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any member State, the “Prospectus Directive”), this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.
This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) above together being referred to as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.