Management calls options AND schibsted sells shares

Schibsted ASA (SCH) , Published 03/01/2008 09:02:02

In accordance with the option program for the top management and the fact that he is leaving the Schibsted Group, Anders Gerdin has exercised 12,500 options. 7,500 of the options were granted in 2005 with a strike price of NOK 151.30 per share, and 5,000 were granted in 2006 with a strike price of 179.41 per share.
Schibsted ASA has as a consequence of the exercise, sold 12,500 shares from the stock of own shares at the above mentioned strike prices. After the transaction, Schibsted ASA holds 3,222,836 own shares.
Anders Gerdin has sold 12,500 shares through the Oslo Stock Exchange at the price of NOK 236.54. Mr. Gerdin does not hold any options after this exercise, and he is not required to reinvest.
The transactions took place on 2 January 2008.
Oslo, 3 January 2008