Schibsted ASA's rights issue oversubscribed by 40%

Final results , Published 08/07/2009 14:32:54

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.
Contact persons:
Trond Berger, CFO. Mobile: +47 916 86 695
Jo Christian Steigedal, VP Investor Relations, Mobile +47 415 08 733,
Oslo, July 8 2009
Jo Christian Steigedal
VP Investor Relations
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