In connection with Schibsted’s option scheme for key personnel 30,000 options, with the right to acquire 37,680 shares, were exercised on 29 February 2012 at price NOK 132.70 per share. The options were allotted in 2008, and last date for exercise is 24 June 2013.
There is a requirement to reinvest in shares at least 50 % of the profit after tax for all key personnel, with some exceptions.
The following primary insiders have exercised options and sold shares in the market:
|Primary insider||Number of options exercised||Corresponding number of shares||Number of options held after exercise||Reinvested number of shares||Number of shares held after reinvestment|
|Jan Erik Knarbakk||15,000||18,840||0||0||15,063|
In connection with this transaction, Schibsted sold 36,594 own shares in the market at an average price of NOK 183.73 per share. After the transaction, Schibsted ASA holds 1,024,278 own shares.
On 29 February 2012, primary insider Sigrid Rambøl sold 212 shares in Schibsted ASA at an average price of NOK 183,0472. Rambøl has no shares in Schibsted ASA after the transaction.
Oslo, 1 March 2012
Jo Christian Steigedal
VP Investor Relations