In connection with an earlier option program for key employees, 7,500 options with the right to acquire 9,420 shares in Schibsted ASA at NOK 51.00 were exercised on 19 June 2013. There is a maximum gain that the option holders can achieve per share, and the highest price at which the shares acquired through the options can be realized is NOK 125.48.
There is an obligation to reinvest linked to the options. On this background, 8,819 shares were sold in the market at NOK 256.5714 per share, whereas 601 shares were transferred to the individual employee.
In connection with Schibsted’s performance based share purchase program for 2013, adjustments have been made to the number of shares transferred to participants in the program. Additional 1,785 shares will be transferred to employees of the Group in the coming days. For further details about the program, please refer to the announcement on 16 May 2013.
After the transaction, Schibsted holds 675,955 own shares.
Oslo, 20 June 2013
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations